FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Trimmed by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,210,882 shares of the business services provider’s stock after selling 25,787 shares during the quarter. FactSet Research Systems accounts for approximately 1.6% of Ninety One UK Ltd’s holdings, making the stock its 20th largest position. Ninety One UK Ltd owned approximately 3.18% of FactSet Research Systems worth $581,562,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Trust N.A. grew its position in 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 buying an additional 21 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of 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 in the last quarter. Cerro Pacific Wealth Advisors LLC increased its stake in shares of 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 valued at $809,000 after acquiring an additional 25 shares during the period. Andina Capital Management LLC lifted its position in FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares during the period. Finally, Wallace Advisory Group LLC boosted its stake in FactSet Research Systems by 4.2% during the 4th quarter. Wallace Advisory Group LLC now owns 894 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 36 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on FDS. Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. 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 report on Friday, November 15th. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $453.46.

FactSet Research Systems Price Performance

FDS opened at $467.15 on Wednesday. The stock has a fifty day moving average price of $475.69 and a 200 day moving average price of $455.62. 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 Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.98 and a beta of 0.77.

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

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is 29.82%.

FactSet Research Systems Company 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.