Kayne Anderson Rudnick Investment Management LLC Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,155,725 shares of the business services provider's stock after selling 7,609 shares during the period. FactSet Research Systems accounts for approximately 1.2% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, making the stock its 25th biggest position. Kayne Anderson Rudnick Investment Management LLC owned about 3.04% of FactSet Research Systems worth $471,848,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock valued at $2,077,267,000 after acquiring an additional 11,974 shares in the last quarter. Ninety One UK Ltd grew its stake in FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock valued at $496,645,000 after acquiring an additional 10,928 shares in the last quarter. PineStone Asset Management Inc. grew its stake in FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock valued at $111,447,000 after acquiring an additional 94,952 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider's stock valued at $120,178,000 after acquiring an additional 9,925 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its stake in shares of FactSet Research Systems by 1.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider's stock valued at $102,079,000 after buying an additional 3,485 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,281,976.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,281,976.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin Ann Abrams sold 2,375 shares of the firm's stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock worth $5,166,986 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 0.8 %

FactSet Research Systems stock traded down $3.57 during mid-day trading on Friday, reaching $465.91. 583,059 shares of the company's stock were exchanged, compared to its average volume of 269,273. The company has a market cap of $17.72 billion, a P/E ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $421.66 and a 200-day moving average of $428.58.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the business earned $2.93 EPS. The company's revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems's dividend payout ratio is currently 31.37%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday. UBS Group increased their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a research report on Friday. Bank of America cut shares of FactSet Research Systems from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday. Four analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $446.67.

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.