Commerce Bank Sells 603 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Commerce Bank lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,102 shares of the business services provider's stock after selling 603 shares during the quarter. Commerce Bank's holdings in FactSet Research Systems were worth $5,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its stake 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 buying an additional 22 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $102,000. Private Trust Co. NA increased its holdings 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 valued at $140,000 after buying an additional 22 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of FactSet Research Systems by 61.8% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 0.4 %

Shares of FactSet Research Systems stock traded down $1.85 on Friday, hitting $426.30. 47,079 shares of the company traded hands, compared to its average volume of 302,372. 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 Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a 50-day moving average price of $438.01 and a 200 day moving average price of $460.59. The company has a market cap of $16.18 billion, a PE ratio of 30.56, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The company 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 business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.22 EPS. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current 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 issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley cut their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note 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 company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus target price of $436.90.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction dated 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 directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

About FactSet Research Systems

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.