Capital Insight Partners LLC Sells 1,785 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Capital Insight Partners LLC lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 15.9% in the 4th quarter, Holdings Channel reports. The firm owned 9,454 shares of the business services provider’s stock after selling 1,785 shares during the period. Capital Insight Partners LLC’s holdings in FactSet Research Systems were worth $4,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its position in shares of FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of FactSet Research Systems in the third quarter valued at $78,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.2 %

Shares of FDS opened at $473.26 on Friday. The firm has a fifty day moving average price of $476.59 and a 200-day moving average price of $454.96. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $18.00 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.92 and a beta of 0.76. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.12 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.88%. FactSet Research Systems’s payout ratio is currently 29.82%.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on FDS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $453.46.

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.