Congress Asset Management Co. MA Grows Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Congress Asset Management Co. MA increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 268,015 shares of the business services provider’s stock after buying an additional 541 shares during the quarter. Congress Asset Management Co. MA owned about 0.70% of FactSet Research Systems worth $127,857,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. raised its position in shares of FactSet Research Systems by 69.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after buying an additional 34 shares during the period. Smithfield Trust Co raised its position in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after buying an additional 32 shares during the period. CVA Family Office LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at approximately $49,000. Finally, Global Retirement Partners LLC raised its position in shares of FactSet Research Systems by 36.9% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Goran Skoko sold 6,215 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares in the company, valued at $2,296,336.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,987 shares of company stock worth $10,283,347. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FDS. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Jefferies Financial Group cut their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. 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 report on Friday, March 22nd. Finally, Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their target price for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $431.50.

FactSet Research Systems Stock Down 0.3 %

Shares of FactSet Research Systems stock traded down $1.05 during trading hours on Friday, reaching $401.74. 204,103 shares of the company were exchanged, compared to its average volume of 270,165. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock’s fifty day moving average is $425.86 and its 200 day moving average is $449.77. The firm has a market cap of $15.31 billion, a PE ratio of 31.81, a PEG ratio of 2.64 and a beta of 0.74. FactSet Research Systems Inc. has a 1 year low of $385.27 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast that FactSet Research Systems Inc. will post 15.8 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid 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 dividend yield of 1.04%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is presently 32.94%.

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.