FactSet Research Systems Inc. (NYSE:FDS) Position Trimmed by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 46.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,317 shares of the business services provider's stock after selling 1,128 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in FactSet Research Systems were worth $633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in FactSet Research Systems during the 4th quarter valued at approximately $69,128,000. Geode Capital Management LLC grew its position in shares of FactSet Research Systems by 9.4% during 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 buying an additional 94,668 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock worth $36,712,000 after buying an additional 74,620 shares during the last quarter. Invesco Ltd. raised its holdings in FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after acquiring an additional 66,861 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in FactSet Research Systems during the 4th quarter valued at $31,975,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's 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 completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $2.20 during trading on Tuesday, hitting $425.10. 40,508 shares of the stock were exchanged, compared to its average volume of 283,245. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The stock's fifty day moving average is $436.45 and its 200 day moving average is $460.21. The stock has a market cap of $16.13 billion, a PE ratio of 30.42, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.22 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is currently 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.