Victory Capital Management Inc. Sells 25,390 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Victory Capital Management Inc. reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,781 shares of the business services provider’s stock after selling 25,390 shares during the period. Victory Capital Management Inc. owned 0.12% of FactSet Research Systems worth $22,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. Bamco Inc. NY lifted its holdings in shares of FactSet Research Systems by 0.3% during the third quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after buying an additional 8,862 shares during the last quarter. Morgan Stanley boosted its holdings in FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after purchasing an additional 698,611 shares during the period. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares during the last quarter. Fiera Capital Corp grew its position in FactSet Research Systems by 1.6% in the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after purchasing an additional 6,960 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of FactSet Research Systems by 4.7% during the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock worth $170,774,000 after purchasing an additional 17,605 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 0.4 %

Shares of FDS opened at $433.90 on Thursday. The company has a market capitalization of $16.54 billion, a P/E ratio of 34.35, a PEG ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The business’s 50 day simple moving average is $445.32 and its 200-day simple moving average is $453.99. 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 (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FDS. Wolfe Research assumed coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays restated an “equal weight” rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $442.70.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the 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 sale, 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 through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,363,082.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,772 shares of company stock valued at $6,371,121. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Profile

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.