Norden Group LLC Has $589,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Norden Group LLC decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 61.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,296 shares of the business services provider’s stock after selling 2,052 shares during the quarter. Norden Group LLC’s holdings in FactSet Research Systems were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kolinsky Wealth Management LLC boosted its position in FactSet Research Systems by 3.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after acquiring an additional 23 shares during the period. Fifth Third Bancorp boosted its position in FactSet Research Systems by 1.6% during the 1st quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider’s stock worth $668,000 after acquiring an additional 23 shares during the period. Geller Advisors LLC boosted its position in FactSet Research Systems by 5.6% during the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider’s stock worth $225,000 after acquiring an additional 25 shares during the period. Birch Capital Management LLC boosted its position in FactSet Research Systems by 0.3% during the 1st quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider’s stock worth $3,915,000 after acquiring an additional 25 shares during the period. Finally, Alps Advisors Inc. boosted its position in FactSet Research Systems by 3.1% during the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider’s stock worth $374,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares of the company’s stock, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the company’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 value of $3,398,665.04. Following the sale, the executive vice president directly owned 23,952 shares of the company’s stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Up 0.3%

Shares of FactSet Research Systems stock opened at $415.18 on Wednesday. The stock has a market capitalization of $15.70 billion, a P/E ratio of 30.00, a PEG ratio of 2.71 and a beta of 0.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $438.19 and a two-hundred day moving average price of $443.66. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.06%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is presently 31.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James Financial upgraded FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an “underweight” rating in a report on Friday, June 20th. UBS Group reiterated a “neutral” rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Morgan Stanley lifted their price target on 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 issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $444.25.

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.