Wallace Advisory Group LLC Cuts Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Wallace Advisory Group LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 866 shares of the business services provider’s stock after selling 34 shares during the quarter. Wallace Advisory Group LLC’s holdings in FactSet Research Systems were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDS. Parallel Advisors LLC boosted its holdings in shares of FactSet Research Systems by 25.1% in the 4th quarter. Parallel Advisors LLC now owns 399 shares of the business services provider’s stock worth $190,000 after purchasing an additional 80 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of FactSet Research Systems by 0.7% during the 4th quarter. TD Asset Management Inc now owns 21,424 shares of the business services provider’s stock valued at $10,220,000 after buying an additional 150 shares in the last quarter. Stifel Financial Corp lifted its position in FactSet Research Systems by 5.3% in the 4th quarter. Stifel Financial Corp now owns 44,037 shares of the business services provider’s stock worth $21,035,000 after buying an additional 2,197 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in FactSet Research Systems by 4.3% in the fourth quarter. Allianz Asset Management GmbH now owns 5,816 shares of the business services provider’s stock worth $2,775,000 after buying an additional 238 shares in the last quarter. Finally, J. W. Coons Advisors LLC bought a new position in FactSet Research Systems during the fourth quarter valued at approximately $208,000. 91.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FDS shares. UBS Group upped their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Royal Bank of Canada upped their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday, September 20th. BMO Capital Markets boosted their target price on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Morgan Stanley raised their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Finally, Stifel Nicolaus boosted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Four investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $446.67.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,380,259.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. The disclosure for this sale can be found here. Insiders have sold a total of 25,362 shares of company stock valued at $11,323,675 over the last ninety days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Up 0.6 %

Shares of FactSet Research Systems stock opened at $458.49 on Monday. The company’s fifty day simple moving average is $424.39 and its two-hundred day simple moving average is $427.60. The company has a market cap of $17.44 billion, a P/E ratio of 34.58, a PEG ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the business posted $2.93 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems’s payout ratio is 31.37%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.