Amundi Cuts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Amundi cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,042 shares of the business services provider’s stock after selling 32,381 shares during the period. Amundi owned approximately 0.97% of FactSet Research Systems worth $170,540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its holdings in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP grew its position in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares during the period. Private Trust Co. NA grew its position in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 22 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC increased its stake in FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock worth $809,000 after acquiring an additional 25 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FDS shares. Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price target on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $440.67 on Monday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market cap of $16.76 billion, a PE ratio of 31.59, a P/E/G ratio of 2.93 and a beta of 0.77. The stock has a 50 day simple moving average of $462.37 and a 200-day simple moving average of $463.44. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the previous year, the business earned $4.12 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.94%. FactSet Research Systems’s payout ratio is 29.82%.

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.