FactSet Research Systems Inc. (NYSE:FDS) Holdings Cut by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 14.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,189 shares of the business services provider’s stock after selling 1,041 shares during the period. Azzad Asset Management Inc. ADV’s holdings in FactSet Research Systems were worth $2,812,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDS. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. increased its stake in shares of FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 34 shares during the period. Smithfield Trust Co increased its stake in shares of FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the period. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $49,000. Finally, Global Retirement Partners LLC increased its stake in shares of FactSet Research Systems by 36.9% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 38 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.2 %

NYSE FDS opened at $416.76 on Thursday. FactSet Research Systems Inc. has a twelve month low of $385.27 and a twelve month high of $488.64. 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 stock has a market cap of $15.89 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.48 and a beta of 0.75. The firm’s 50 day moving average price is $421.70 and its two-hundred day moving average price is $446.32.

FactSet Research Systems (NYSE:FDS) last posted 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 previous year, the company posted $3.79 EPS. Equities analysts anticipate that FactSet Research Systems Inc. will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction 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 approximately $30,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were 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 approximately $30,204. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction 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 completion of the sale, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. Insiders sold 27,419 shares of company stock valued at $11,606,013 in the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FDS shares. Wolfe Research started coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Barclays restated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Four 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 price target of $432.00.

FactSet Research Systems 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.