Champlain Investment Partners LLC Sells 21,495 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Champlain Investment Partners LLC lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,207 shares of the business services provider's stock after selling 21,495 shares during the quarter. Champlain Investment Partners LLC owned 0.87% of FactSet Research Systems worth $159,552,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FDS. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 9.4% during the 4th 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after purchasing an additional 16,522 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after purchasing an additional 7,718 shares during the last quarter. Invesco Ltd. boosted its position 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 buying an additional 66,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock worth $183,675,000 after buying an additional 9,048 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FDS shares. Morgan Stanley dropped their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. UBS Group reduced their target price on shares of 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. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, 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. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Trading Up 2.3 %

Shares of FactSet Research Systems stock traded up $9.60 on Tuesday, hitting $422.63. 59,274 shares of the company's stock traded hands, compared to its average volume of 284,446. The firm's 50-day moving average price is $439.89 and its two-hundred day moving average price is $461.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $16.04 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87.

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

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Insider Buying and Selling at FactSet Research Systems

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 stock was 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 $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

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.