900 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by TruNorth Capital Management LLC

TruNorth Capital Management LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, Holdings Channel.com reports. The fund bought 900 shares of the business services provider’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDS. GAMMA Investing LLC raised its holdings in shares of FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after purchasing an additional 429,028 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $66,368,000. Vest Financial LLC bought a new stake in shares of FactSet Research Systems in the 1st quarter worth approximately $52,445,000. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after acquiring an additional 94,668 shares during the period. Finally, Meridiem Capital Partners LP acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $41,241,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $446.16 on Friday. The company’s 50 day moving average price is $445.23 and its 200 day moving average price is $447.59. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company has a market capitalization of $16.87 billion, a PE ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million for the quarter, compared to analysts’ expectations of $580.70 million. During the same period in the previous year, the firm posted $4.37 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.99%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems’s payout ratio is currently 31.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FDS. Royal Bank Of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a report on Thursday, June 26th. UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI cut their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday, June 16th. Finally, Morgan Stanley boosted their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $444.25.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer directly owned 44 shares of the company’s stock, valued at $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president directly owned 23,952 shares of the company’s stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.