FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,051 shares of the business services provider’s stock after selling 600 shares during the period. Handelsbanken Fonder AB’s holdings in FactSet Research Systems were worth $4,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in FactSet Research Systems by 64.0% during the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 89 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in FactSet Research Systems by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock valued at $1,614,000 after purchasing an additional 1,708 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in FactSet Research Systems during the third quarter valued at approximately $38,909,000. IFM Investors Pty Ltd lifted its stake in FactSet Research Systems by 1.4% during the third quarter. IFM Investors Pty Ltd now owns 7,733 shares of the business services provider’s stock valued at $3,556,000 after purchasing an additional 104 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in FactSet Research Systems by 21.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,989 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 352 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS opened at $462.10 on Monday. The company’s fifty day moving average is $469.33 and its 200-day moving average is $460.21. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business posted $4.12 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s payout ratio is presently 29.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Finally, UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $453.23.

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.