Oppenheimer Asset Management Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,531 shares of the business services provider’s stock after selling 107 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in FactSet Research Systems were worth $1,251,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FDS. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of FactSet Research Systems by 61.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,100 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 800 shares during the period. First Trust Advisors LP grew its stake in shares of FactSet Research Systems by 16.6% during the 1st quarter. First Trust Advisors LP now owns 30,643 shares of the business services provider’s stock valued at $5,053,000 after acquiring an additional 4,369 shares during the period. Bank of New York Mellon Corp grew its stake in shares of FactSet Research Systems by 9.1% during the 1st quarter. Bank of New York Mellon Corp now owns 473,407 shares of the business services provider’s stock valued at $78,070,000 after acquiring an additional 39,407 shares during the period. Suntrust Banks Inc. grew its stake in shares of FactSet Research Systems by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 50 shares during the period. Finally, World Asset Management Inc grew its stake in shares of FactSet Research Systems by 14.2% during the 1st quarter. World Asset Management Inc now owns 2,811 shares of the business services provider’s stock valued at $464,000 after acquiring an additional 349 shares during the period. Institutional investors own 93.72% of the company’s stock.

In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the sale, the chairman now directly owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the sale, the director now directly owns 9,000 shares in the company, valued at $1,494,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,858 shares of company stock worth $34,453,143. 2.70% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on FDS. BidaskClub downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, UBS AG reiterated a “buy” rating and set a $146.00 price objective (down from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $164.90.

FactSet Research Systems Inc. (NYSE FDS) opened at 159.13 on Friday. The firm has a 50-day moving average price of $161.24 and a 200 day moving average price of $165.67. The company has a market capitalization of $6.24 billion, a P/E ratio of 18.56 and a beta of 0.97. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million for the quarter, compared to analyst estimates of $314.14 million. During the same period last year, the company earned $1.64 earnings per share. FactSet Research Systems’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, August 29th. FactSet Research Systems’s payout ratio is currently 26.20%.

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FactSet Research Systems Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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