Summit Global Investments Sells 1,047 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Summit Global Investments trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 56.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794 shares of the business services provider’s stock after selling 1,047 shares during the period. Summit Global Investments’ holdings in FactSet Research Systems were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FDS. SG Americas Securities LLC raised its position in shares of FactSet Research Systems by 133.2% during the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after purchasing an additional 2,646 shares during the period. Commonwealth Equity Services LLC raised its holdings in FactSet Research Systems by 4.1% during the third quarter. Commonwealth Equity Services LLC now owns 16,215 shares of the business services provider’s stock worth $7,090,000 after buying an additional 638 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of FactSet Research Systems by 15.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,972 shares of the business services provider’s stock valued at $1,299,000 after buying an additional 389 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $207,000. Finally, Stratos Wealth Partners LTD. increased its position in shares of FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after acquiring an additional 237 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on FDS shares. Stifel Nicolaus reissued a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group upped their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research initiated coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Finally, Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $442.70.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,363,082.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. Insiders sold 6,330 shares of company stock worth $2,740,515 in the last quarter. 1.00% of the stock is owned by insiders.

FactSet Research Systems Stock Up 1.2 %

FDS opened at $428.25 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The firm has a market capitalization of $16.32 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a fifty day moving average price of $446.95 and a 200-day moving average price of $454.10.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. Equities research analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is currently 32.94%.

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.