Commerce Bank Has $5.31 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Commerce Bank decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,133 shares of the business services provider’s stock after selling 340 shares during the period. Commerce Bank’s holdings in FactSet Research Systems were worth $5,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in FactSet Research Systems in the fourth quarter worth $211,000. Quest Partners LLC bought a new position in FactSet Research Systems in the fourth quarter worth $205,000. D.A. Davidson & CO. lifted its position in FactSet Research Systems by 7.0% in the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after purchasing an additional 73 shares during the period. Balentine LLC lifted its position in FactSet Research Systems by 5.9% in the fourth quarter. Balentine LLC now owns 1,185 shares of the business services provider’s stock worth $565,000 after purchasing an additional 66 shares during the period. Finally, PineStone Asset Management Inc. lifted its position in FactSet Research Systems by 117.0% in the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after purchasing an additional 88,173 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $436.04 on Friday. The stock has a 50-day simple moving average of $438.80 and a 200 day simple moving average of $454.74. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. On average, research analysts anticipate that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s payout ratio is currently 31.04%.

Insider Activity at FactSet Research Systems

In related news, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the sale, the executive vice president now directly owns 5,262 shares in the company, valued at $2,296,336.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at approximately $2,296,336.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares of the company’s stock, valued at $640,747.80. The disclosure for this sale can be found here. Insiders sold 20,987 shares of company stock valued at $9,083,347 over the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FDS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Barclays reissued an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $443.56.

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.