Bamco Inc. NY Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Bamco Inc. NY decreased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,355,611 shares of the business services provider's stock after selling 122,416 shares during the quarter. FactSet Research Systems accounts for approximately 2.9% of Bamco Inc. NY's holdings, making the stock its 6th biggest holding. Bamco Inc. NY owned approximately 6.19% of FactSet Research Systems worth $1,131,353,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Smartleaf Asset Management LLC raised its position in FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the fourth quarter worth $102,000. Private Trust Co. NA grew its holdings in shares of FactSet Research Systems by 8.2% during 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 acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $174,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the 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 transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FDS shares. Morgan Stanley reduced their price target on shares of 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. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced 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. Finally, UBS Group dropped their target price 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. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Stock Down 0.7 %

NYSE:FDS traded down $2.99 during trading hours on Tuesday, reaching $430.10. 243,902 shares of the stock were exchanged, compared to its average volume of 284,222. The stock has a market cap of $16.32 billion, a PE ratio of 30.83, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The firm has a 50 day moving average of $433.00 and a 200 day moving average of $458.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the company earned $4.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.02%. FactSet Research Systems's dividend payout ratio is presently 31.29%.

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.