Prime Capital Investment Advisors LLC Sells 382 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Prime Capital Investment Advisors LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,494 shares of the business services provider’s stock after selling 382 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in FactSet Research Systems were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in FactSet Research Systems in the 4th quarter worth $47,977,000. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after acquiring an additional 94,952 shares during the last quarter. Norden Group LLC increased 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 acquiring an additional 43,346 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of FactSet Research Systems by 198.2% in the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after purchasing an additional 34,156 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its stake in FactSet Research Systems by 13.0% in the 1st quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock worth $112,027,000 after purchasing an additional 28,391 shares in the last quarter. 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 FactSet Research Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,281,976.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FDS shares. Morgan Stanley upped their price target on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Jefferies Financial Group cut their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $432.27.

FactSet Research Systems Stock Down 1.2 %

FDS opened at $448.38 on Wednesday. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The firm’s fifty day moving average is $418.42 and its 200 day moving average is $428.25. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period in the previous year, the business earned $3.79 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

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.