Mutual of America Capital Management LLC Lowers Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mutual of America Capital Management LLC decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,993 shares of the business services provider’s stock after selling 89 shares during the period. Mutual of America Capital Management LLC’s holdings in FactSet Research Systems were worth $2,269,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $47,977,000. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $45,288,000. PineStone Asset Management Inc. raised its stake in shares of FactSet Research Systems by 117.0% in the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after purchasing an additional 88,173 shares during the last quarter. Norden Group LLC lifted its holdings in shares of FactSet Research Systems by 1,844.5% during the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of FactSet Research Systems by 198.2% during the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock valued at $23,352,000 after buying an additional 34,156 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 1.1 %

Shares of NYSE:FDS opened at $423.90 on Friday. The stock has a 50 day moving average of $421.22 and a 200 day moving average of $444.14. The company has a market cap of $16.13 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.50 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.79 earnings per share. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FDS shares. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Jefferies Financial Group cut their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Finally, Barclays reissued an “equal weight” rating and issued a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $432.00.

Insider Transactions at FactSet Research Systems

In related news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, EVP Robert J. Robie sold 4,336 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. Insiders sold a total of 27,419 shares of company stock valued at $11,606,013 over the last 90 days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems 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.