Mount Yale Investment Advisors LLC Sells 109 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mount Yale Investment Advisors LLC lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 1,735 shares of the business services provider’s stock after selling 109 shares during the period. Mount Yale Investment Advisors LLC’s holdings in FactSet Research Systems were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Criterion Capital Advisors LLC bought a new position in FactSet Research Systems in the 4th quarter worth $30,000. Desjardins Global Asset Management Inc. raised its holdings in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after acquiring an additional 34 shares during the period. Smithfield Trust Co raised its holdings in FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after acquiring an additional 32 shares during the period. Global Retirement Partners LLC raised its holdings in FactSet Research Systems by 36.9% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after acquiring an additional 38 shares during the period. Finally, Federated Hermes Inc. bought a new position in FactSet Research Systems in the 4th quarter worth $70,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

NYSE FDS traded up $2.39 on Tuesday, reaching $413.69. The company’s stock had a trading volume of 9,415 shares, compared to its average volume of 260,663. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm has a market cap of $15.74 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.48 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The business has a 50-day moving average price of $417.23 and a 200 day moving average price of $440.76.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.79 earnings per share. Sell-side analysts expect that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $1.04 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s dividend payout ratio is 31.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDS. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Jefferies Financial Group cut their price objective 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. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $432.00.

Insider Activity

In other news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,363,082.90. The disclosure for this sale can be found here. Insiders have sold 27,089 shares of company stock valued at $11,467,578 over the last three months. 1.00% of the stock is owned by insiders.

About FactSet Research Systems

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.