Aurora Investment Managers LLC. Lowers Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Aurora Investment Managers LLC. reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,081 shares of the business services provider’s stock after selling 863 shares during the quarter. Aurora Investment Managers LLC.’s holdings in FactSet Research Systems were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FDS. Morgan Stanley lifted its holdings in shares of 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 valued at $610,515,000 after buying an additional 698,611 shares during the period. Norges Bank acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $47,977,000. International Assets Investment Management LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $45,288,000. PineStone Asset Management Inc. lifted its holdings in shares of FactSet Research Systems by 117.0% in the 4th quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after buying an additional 88,173 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $220,146,000 after buying an additional 66,986 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a document filed 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 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 sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The disclosure for this sale can be found here. Insiders sold a total of 23,987 shares of company stock valued at $10,283,347 over the last quarter. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $15.38 during trading on Friday, reaching $423.73. The company had a trading volume of 983,573 shares, compared to its average volume of 283,952. FactSet Research Systems Inc. has a twelve month low of $385.27 and a twelve month high of $488.64. The stock has a market capitalization of $16.15 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. The stock has a 50-day moving average price of $423.68 and a two-hundred day moving average price of $448.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 15.95 earnings per share 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. The ex-dividend date was Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 32.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wolfe Research began coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a 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. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $431.50.

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.