FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Cut by AQR Capital Management LLC

AQR Capital Management LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,447 shares of the business services provider's stock after selling 22,516 shares during the quarter. AQR Capital Management LLC owned 0.07% of FactSet Research Systems worth $13,662,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems in the fourth quarter worth about $102,000. Private Trust Co. NA raised its stake in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after purchasing an additional 22 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of FactSet Research Systems in the fourth quarter worth about $174,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of FDS traded up $5.72 during mid-day trading on Friday, hitting $454.21. The company's stock had a trading volume of 384,876 shares, compared to its average volume of 286,639. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $432.58 and a 200 day simple moving average of $458.35. The firm has a market capitalization of $17.24 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.22 earnings per share. Analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is 31.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Morgan Stanley lowered their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus price target of $436.90.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

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.