HighTower Advisors LLC lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 30.7% in the 1st quarter, Holdings Channel reports. The firm owned 4,304 shares of the business services provider’s stock after selling 1,907 shares during the quarter. HighTower Advisors LLC’s holdings in FactSet Research Systems were worth $1,327,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in FDS. Bogart Wealth LLC purchased a new stake in FactSet Research Systems in the first quarter worth about $28,000. Goodwin Investment Advisory bought a new stake in shares of FactSet Research Systems during the 1st quarter valued at $39,000. Valeo Financial Advisors LLC lifted its holdings in shares of FactSet Research Systems by 521.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 143 shares of the business services provider’s stock worth $48,000 after buying an additional 120 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of FactSet Research Systems in the first quarter valued at $85,000. Finally, Twin Tree Management LP purchased a new position in FactSet Research Systems during the fourth quarter worth $86,000. 87.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $311.06, for a total value of $777,650.00. Following the sale, the chief executive officer now owns 6,397 shares of the company’s stock, valued at approximately $1,989,850.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.74% of the company’s stock.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Monday, March 29th. The business services provider reported $2.72 EPS for the quarter, missing the Zacks’ consensus estimate of $2.74 by ($0.02). The company had revenue of $391.80 million for the quarter, compared to analyst estimates of $391.90 million. FactSet Research Systems had a net margin of 25.24% and a return on equity of 48.42%. During the same period in the prior year, the company posted $2.55 EPS. As a group, equities analysts predict that FactSet Research Systems Inc. will post 11.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Monday, May 31st will be paid a $0.82 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 27th. FactSet Research Systems’s dividend payout ratio is currently 30.17%.
Several research firms recently commented on FDS. Morgan Stanley reduced their price objective on shares of FactSet Research Systems from $278.00 to $261.00 and set an “underweight” rating for the company in a research note on Wednesday, March 31st. The Goldman Sachs Group increased their target price on FactSet Research Systems from $263.00 to $276.00 and gave the company a “sell” rating in a research report on Wednesday, March 31st. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $291.30.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.
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