Tsai Capital Corp Sells 108 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Tsai Capital Corp cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,620 shares of the business services provider’s stock after selling 108 shares during the quarter. FactSet Research Systems accounts for approximately 2.3% of Tsai Capital Corp’s holdings, making the stock its 18th largest position. Tsai Capital Corp’s holdings in FactSet Research Systems were worth $3,179,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the 4th quarter valued at about $69,128,000. Wealthfront Advisers LLC raised its holdings in shares of FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after purchasing an additional 74,620 shares during the last quarter. Nordea Investment Management AB lifted its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares during the period. Proficio Capital Partners LLC purchased a new stake in FactSet Research Systems in the fourth quarter worth approximately $26,338,000. Finally, JPMorgan Chase & Co. grew its position in 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 worth $226,867,000 after purchasing an additional 52,741 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Stifel Nicolaus raised their price objective 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. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $436.27.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $449.16 on Friday. The stock’s 50-day simple moving average is $454.05 and its 200-day simple moving average is $464.71. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. 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 released its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.22 earnings per share. As a group, analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.59%.

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.