Bank of America Corp DE Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Bank of America Corp DE trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 541,261 shares of the business services provider's stock after selling 58,209 shares during the quarter. Bank of America Corp DE owned approximately 1.42% of FactSet Research Systems worth $259,957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after acquiring an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock valued at $240,184,000 after acquiring an additional 16,522 shares during the period. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after acquiring an additional 7,718 shares during the period. Invesco Ltd. raised its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after buying an additional 66,861 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in FactSet Research Systems by 13.9% in the 4th quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after buying an additional 48,444 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $1.12 on Tuesday, reaching $455.28. The stock had a trading volume of 46,241 shares, compared to its average volume of 285,875. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 2.93 and a beta of 0.88. The firm's 50-day moving average is $432.81 and its two-hundred day moving average is $458.36. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million during 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 firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.22 EPS. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.