Fiera Capital Corp Lowers Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Fiera Capital Corp reduced its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,660 shares of the business services provider's stock after selling 82,253 shares during the period. Fiera Capital Corp owned 0.77% of FactSet Research Systems worth $119,893,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FDS. Mission Wealth Management LP grew its holdings in FactSet Research Systems by 0.7% in the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider's stock valued at $1,536,000 after buying an additional 24 shares in the last quarter. Procyon Advisors LLC increased its position in FactSet Research Systems by 0.4% during the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider's stock worth $2,948,000 after acquiring an additional 27 shares during the period. Argent Trust Co raised its stake in FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider's stock worth $536,000 after purchasing an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in FactSet Research Systems by 4.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock valued at $341,000 after purchasing an additional 32 shares during the period. Finally, Retirement Systems of Alabama grew its position in shares of FactSet Research Systems by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider's stock worth $3,820,000 after purchasing an additional 34 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded up $1.36 during trading on Monday, hitting $459.85. 175,736 shares of the company were exchanged, compared to its average volume of 268,859. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a market capitalization of $17.49 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business's 50 day moving average is $425.01 and its 200-day moving average is $427.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to analysts' expectations of $547.06 million. During the same quarter in the prior year, the firm earned $2.93 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems's payout ratio is 31.37%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,330,666.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction 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 $10,726,367.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,330,666.25. The disclosure for this sale can be found here. Insiders sold a total of 25,362 shares of company stock valued at $11,323,675 in the last three months. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FDS. Stifel Nicolaus lifted their price target 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, September 20th. Morgan Stanley upped their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research report on Monday, June 24th. Jefferies Financial Group decreased their price target on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating on the stock in a research report on Wednesday, June 5th. BMO Capital Markets upped 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, September 20th. Finally, UBS Group increased their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.