Victory Capital Management Inc. Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Victory Capital Management Inc. reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,753 shares of the business services provider's stock after selling 5,887 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of FactSet Research Systems worth $14,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in shares of FactSet Research Systems by 5.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,524 shares of the business services provider's stock valued at $3,419,000 after acquiring an additional 418 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in shares of FactSet Research Systems by 431.3% in the first quarter. UniSuper Management Pty Ltd now owns 2,391 shares of the business services provider's stock valued at $1,086,000 after buying an additional 1,941 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of FactSet Research Systems by 16.4% in the first quarter. Shell Asset Management Co. now owns 6,743 shares of the business services provider's stock valued at $3,064,000 after buying an additional 950 shares in the last quarter. Wellington Wealth Strategies LLC. purchased a new position in FactSet Research Systems in the first quarter valued at $1,165,000. Finally, Heron Bay Capital Management lifted its holdings in FactSet Research Systems by 0.5% during the 1st quarter. Heron Bay Capital Management now owns 33,725 shares of the business services provider's stock worth $15,324,000 after buying an additional 164 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group lifted their target price 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. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target on the stock. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $450.00.

FactSet Research Systems Stock Down 1.4 %

Shares of NYSE FDS traded down $6.96 during trading on Wednesday, hitting $474.44. The stock had a trading volume of 260,883 shares, compared to its average volume of 262,562. The company has a market capitalization of $18.02 billion, a PE ratio of 34.13, a PEG ratio of 3.20 and a beta of 0.75. The firm has a fifty day moving average of $464.29 and a two-hundred day moving average of $434.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. 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 - Get Free Report) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $2.93 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's payout ratio is currently 29.93%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company's stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares of the company's stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock valued at $12,230,877 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.