Sentry Investment Management LLC Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Sentry Investment Management LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144 shares of the business services provider’s stock after selling 23 shares during the period. Sentry Investment Management LLC’s holdings in FactSet Research Systems were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after acquiring an additional 52,741 shares during the period. State Street Corp increased its position in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the period. PineStone Asset Management Inc. raised its stake in FactSet Research Systems by 7.0% in the 4th quarter. PineStone Asset Management Inc. now owns 293,088 shares of the business services provider’s stock worth $140,764,000 after acquiring an additional 19,085 shares during the last quarter. Finally, Point72 Europe London LLP acquired a new stake in FactSet Research Systems during the 3rd quarter worth about $7,542,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FDS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. BMO Capital Markets cut their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. 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 note on Friday, November 15th. Finally, Wells Fargo & Company reduced 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 report on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Stock Up 0.3 %

FDS stock opened at $455.23 on Friday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s fifty day moving average is $467.22 and its 200 day moving average is $460.95. The firm has a market cap of $17.31 billion, a PE ratio of 32.63, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $565.14 million. During the same period last year, the firm earned $4.12 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 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.