Raymond James Financial Services Advisors Inc. Sells 150 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Raymond James Financial Services Advisors Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,377 shares of the business services provider’s stock after selling 150 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of FactSet Research Systems worth $6,300,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in FactSet Research Systems by 1.0% during the fourth quarter. BlackRock Inc. now owns 3,387,651 shares of the business services provider’s stock worth $677,971,000 after purchasing an additional 33,022 shares during the period. Geode Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock worth $84,261,000 after buying an additional 16,651 shares in the last quarter. Norges Bank purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth about $49,705,000. Ronna Sue Cohen purchased a new stake in shares of FactSet Research Systems in the first quarter worth about $244,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of FactSet Research Systems by 16.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 230,997 shares of the business services provider’s stock worth $46,230,000 after buying an additional 32,222 shares in the last quarter. 93.41% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on FDS. Barclays reissued a “hold” rating and issued a $275.00 price target on shares of FactSet Research Systems in a report on Monday, May 6th. Piper Jaffray Companies raised their target price on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Deutsche Bank raised their target price on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 27th. Morgan Stanley raised their target price on shares of FactSet Research Systems from $211.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, DA Davidson raised their target price on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and an average price target of $239.82.

In other FactSet Research Systems news, EVP Robert J. Robie sold 10,459 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total value of $2,524,175.06. Following the completion of the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at approximately $1,045,243.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $249.24, for a total value of $294,850.92. Following the completion of the transaction, the chief executive officer now owns 4,871 shares of the company’s stock, valued at $1,214,048.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,014 shares of company stock valued at $3,476,129. 2.30% of the stock is currently owned by corporate insiders.

NYSE:FDS traded down $0.55 during mid-day trading on Friday, reaching $296.33. The company’s stock had a trading volume of 345,400 shares, compared to its average volume of 291,499. FactSet Research Systems Inc. has a 12-month low of $188.31 and a 12-month high of $304.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.05 and a beta of 1.07.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.08. The business had revenue of $354.90 million during the quarter, compared to the consensus estimate of $356.46 million. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. As a group, research analysts predict that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 31st will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.64. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.97%. FactSet Research Systems’s payout ratio is 33.76%.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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