Assenagon Asset Management S.A. Has $757,000 Stake in FactSet Research Systems Inc. (NYSE:FDS)

Assenagon Asset Management S.A. lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 74.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,665 shares of the business services provider’s stock after selling 4,831 shares during the period. Assenagon Asset Management S.A.’s holdings in FactSet Research Systems were worth $757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA lifted its position in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the period. Kolinsky Wealth Management LLC lifted its position in shares of FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after purchasing an additional 23 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock worth $583,000 after purchasing an additional 24 shares during the period. Finally, Geller Advisors LLC lifted its position in shares of FactSet Research Systems by 5.6% in the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider’s stock worth $225,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.2%

FactSet Research Systems stock opened at $424.74 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average is $440.04 and its 200 day moving average is $452.93. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a market capitalization of $16.12 billion, a PE ratio of 30.21, a PEG ratio of 2.79 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.07% and a return on equity of 32.91%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the company posted $4.22 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a dividend of $1.10 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.04%. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Evercore ISI dropped their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a research report on Monday. UBS Group dropped their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Finally, BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $445.25.

FactSet Research Systems Company 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.