Sei Investments Co. Sells 4,938 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sei Investments Co. trimmed its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 73,105 shares of the business services provider's stock after selling 4,938 shares during the period. Sei Investments Co. owned about 0.19% of FactSet Research Systems worth $29,846,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock valued at $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC grew its position in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after acquiring an additional 67 shares during the period. Gladius Capital Management LP bought a new position in shares of FactSet Research Systems during the 2nd quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. grew its position in shares of FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock valued at $36,000 after acquiring an additional 66 shares during the period. 91.24% of the stock is owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company's stock, valued at $5,330,666.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 9,000 shares of company stock valued at $3,714,960. Insiders own 1.00% of the company's stock.

FactSet Research Systems Price Performance

NYSE FDS traded down $4.96 on Tuesday, hitting $463.77. The stock had a trading volume of 245,057 shares, compared to its average volume of 269,367. The firm has a 50-day moving average of $422.90 and a 200-day moving average of $428.07. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

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

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FDS shares. Royal Bank of Canada increased their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research report on Friday. Morgan Stanley upped their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research note on Monday, June 24th. Wells Fargo & Company upped 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. Finally, BMO Capital Markets upped their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $446.67.

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.