Summit Global Investments Sells 1,047 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Summit Global Investments cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 56.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 794 shares of the business services provider’s stock after selling 1,047 shares during the period. Summit Global Investments’ holdings in FactSet Research Systems were worth $379,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its position in FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in FactSet Research Systems by 671.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after purchasing an additional 212,204 shares during the last quarter. International Assets Investment Management LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at $45,288,000. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of FactSet Research Systems by 45.1% during the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock valued at $81,723,000 after buying an additional 57,502 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now owns 72 shares in the company, valued at approximately $30,204. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,330 shares of company stock worth $2,740,515. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research started coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group increased their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Stock Up 1.2 %

NYSE FDS opened at $428.25 on Monday. The stock’s 50 day simple moving average is $446.95 and its 200 day simple moving average is $454.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The firm has a market cap of $16.32 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 32.94%.

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.