Mount Yale Investment Advisors LLC Sells 109 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mount Yale Investment Advisors LLC decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,735 shares of the business services provider’s stock after selling 109 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in FactSet Research Systems were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDS. Criterion Capital Advisors LLC bought a new stake in FactSet Research Systems in the 4th quarter worth approximately $30,000. Desjardins Global Asset Management Inc. lifted its position in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares during the last quarter. Smithfield Trust Co lifted its position in FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares during the last quarter. Global Retirement Partners LLC lifted its position in FactSet Research Systems by 36.9% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 38 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $70,000. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,363,082.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred 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 owns 9,193 shares in the company, valued at $3,867,587.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. Insiders have sold 27,089 shares of company stock worth $11,467,578 over the last quarter. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Stock Up 0.6 %

Shares of NYSE FDS traded up $2.39 during mid-day trading on Tuesday, reaching $413.69. 9,415 shares of the company were exchanged, compared to its average volume of 260,663. 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 stock has a market cap of $15.74 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.48 and a beta of 0.75. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm has a 50-day moving average of $417.23 and a 200 day moving average of $440.76.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. During the same period in the prior year, the company posted $3.79 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. The ex-dividend date was Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Analysts Set New Price Targets

FDS has been the subject of several recent research reports. Morgan Stanley boosted their price objective 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. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price for the company. Finally, Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $432.00.

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.