FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,263 shares of the business services provider’s stock after selling 18,718 shares during the quarter. FactSet Research Systems makes up approximately 2.8% of Ninety One North America Inc.’s portfolio, making the stock its 12th biggest position. Ninety One North America Inc.’s holdings in FactSet Research Systems were worth $56,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in FactSet Research Systems by 10.8% in the first quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock valued at $1,409,000 after buying an additional 317 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in FactSet Research Systems by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock valued at $971,000 after buying an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in FactSet Research Systems by 7.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock valued at $2,195,000 after buying an additional 332 shares during the last quarter. Cibc World Market Inc. lifted its stake in FactSet Research Systems by 4.2% in the first quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock valued at $389,000 after buying an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in FactSet Research Systems by 49.5% in the first quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock valued at $463,000 after buying an additional 348 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

FDS stock traded down $0.59 on Thursday, reaching $428.66. 64,121 shares of the company’s stock were exchanged, compared to its average volume of 237,824. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a market cap of $16.34 billion, a PE ratio of 33.99, a P/E/G ratio of 2.63 and a beta of 0.72. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock has a fifty day moving average of $456.17 and a 200-day moving average of $455.98.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, equities analysts predict that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.91%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays restated an “equal weight” rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Wolfe Research started coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target for the company. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $442.70.

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.