Janus Henderson Group PLC Reduces Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Janus Henderson Group PLC reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,242 shares of the business services provider's stock after selling 982 shares during the period. Janus Henderson Group PLC's holdings in FactSet Research Systems were worth $2,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of FactSet Research Systems by 226.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,496 shares of the business services provider's stock valued at $3,120,000 after acquiring an additional 4,507 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $252,000. Koshinski Asset Management Inc. boosted its stake in FactSet Research Systems by 14.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 891 shares of the business services provider's stock worth $428,000 after acquiring an additional 115 shares in the last quarter. Finally, Dakota Wealth Management grew its holdings in FactSet Research Systems by 15.0% in the fourth quarter. Dakota Wealth Management now owns 2,498 shares of the business services provider's stock worth $1,200,000 after purchasing an additional 326 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on FDS shares. Morgan Stanley decreased 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. UBS Group lowered 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 report on Friday, March 21st. BMO Capital Markets cut their price target on 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. 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. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded up $4.91 during mid-day trading on Tuesday, reaching $467.71. 37,275 shares of the company's stock were exchanged, compared to its average volume of 291,202. The firm has a 50-day moving average price of $438.47 and a two-hundred day moving average price of $458.39. 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 firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the firm posted $4.22 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.94%. This is a positive change 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 is 31.29%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company's stock.

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.