FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Birch Capital Management LLC


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Birch Capital Management LLC decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,795 shares of the business services provider’s stock after selling 500 shares during the quarter. FactSet Research Systems makes up approximately 1.5% of Birch Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Birch Capital Management LLC’s holdings in FactSet Research Systems were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FDS. Norges Bank acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $36,240,000. BlackRock Inc. boosted its stake in shares of FactSet Research Systems by 2.2% during the fourth quarter. BlackRock Inc. now owns 4,668,891 shares of the business services provider’s stock worth $1,552,406,000 after buying an additional 101,926 shares during the period. Victory Capital Management Inc. boosted its stake in shares of FactSet Research Systems by 96.5% during the fourth quarter. Victory Capital Management Inc. now owns 167,072 shares of the business services provider’s stock worth $55,552,000 after buying an additional 82,031 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of FactSet Research Systems by 45.8% during the fourth quarter. Nuveen Asset Management LLC now owns 203,646 shares of the business services provider’s stock worth $67,712,000 after buying an additional 63,930 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of FactSet Research Systems by 469.6% during the fourth quarter. Renaissance Technologies LLC now owns 64,650 shares of the business services provider’s stock worth $21,496,000 after buying an additional 53,300 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Shares of FDS stock traded up $0.33 during midday trading on Thursday, reaching $309.69. 789 shares of the company traded hands, compared to its average volume of 235,940. The firm’s 50 day simple moving average is $313.35 and its two-hundred day simple moving average is $324.19. FactSet Research Systems Inc. has a 1-year low of $264.73 and a 1-year high of $363.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.53 and a quick ratio of 3.53. The firm has a market cap of $11.76 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Monday, March 29th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.74 by ($0.02). FactSet Research Systems had a net margin of 25.08% and a return on equity of 51.42%. The company had revenue of $391.80 million for the quarter, compared to analyst estimates of $391.90 million. During the same quarter in the previous year, the business posted $2.55 earnings per share. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 11.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Friday, February 26th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.99%. FactSet Research Systems’s dividend payout ratio (DPR) is 28.33%.

In other news, Director Joseph Zimmel sold 1,550 shares of the firm’s stock in a transaction that occurred on Thursday, January 14th. The shares were sold at an average price of $325.88, for a total transaction of $505,114.00. Following the completion of the transaction, the director now directly owns 2,404 shares of the company’s stock, valued at approximately $783,415.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $305.44, for a total transaction of $763,600.00. Following the transaction, the chief executive officer now directly owns 6,397 shares of the company’s stock, valued at $1,953,899.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,183 shares of company stock valued at $3,169,878. Corporate insiders own 0.74% of the company’s stock.

A number of brokerages recently commented on FDS. The Goldman Sachs Group raised their price objective on shares of FactSet Research Systems from $263.00 to $276.00 and gave the company a “sell” rating in a research report on Wednesday, March 31st. Morgan Stanley reduced their price objective on shares of FactSet Research Systems from $278.00 to $261.00 and set an “underweight” rating for the company in a research report on Wednesday, March 31st. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $291.30.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.

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

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