Cwm LLC Has $843,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Cwm LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 117.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,855 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the quarter. Cwm LLC’s holdings in FactSet Research Systems were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at about $30,000. Desjardins Global Asset Management Inc. lifted its stake in shares of 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 valued at $40,000 after purchasing an additional 34 shares during the period. Smithfield Trust Co lifted its stake in shares of FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at about $49,000. Finally, Global Retirement Partners LLC raised its stake in FactSet Research Systems by 36.9% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after buying an additional 38 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Goran Skoko sold 4,106 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $428.57, for a total value of $1,759,708.42. Following the transaction, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at $2,255,135.34. 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 three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FDS. Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Jefferies Financial Group dropped their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. The Goldman Sachs Group upped their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four research 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.com, the company has an average rating of “Hold” and an average target price of $431.50.

FactSet Research Systems Stock Performance

Shares of FDS opened at $408.35 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50 day moving average price of $423.73 and a two-hundred day moving average price of $448.45. The firm has a market capitalization of $15.57 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.64 and a beta of 0.74. FactSet Research Systems Inc. has a 52 week low of $385.27 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities analysts forecast that FactSet Research Systems Inc. will post 15.95 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 1.02%. FactSet Research Systems’s dividend payout ratio is currently 32.94%.

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.