Ninety One UK Ltd Reduces Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Ninety One UK Ltd lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,191,949 shares of the business services provider's stock after selling 18,933 shares during the period. FactSet Research Systems comprises about 1.5% of Ninety One UK Ltd's investment portfolio, making the stock its 20th biggest holding. Ninety One UK Ltd owned approximately 3.14% of FactSet Research Systems worth $541,908,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FDS. Oppenheimer & Co. Inc. purchased a new stake in FactSet Research Systems during the 4th quarter valued at $215,000. Proficio Capital Partners LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $26,338,000. Raymond James Financial Inc. bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $69,128,000. OFI Invest Asset Management bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $2,180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FactSet Research Systems by 7.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,338 shares of the business services provider's stock valued at $7,847,000 after acquiring an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FDS. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI decreased their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. BMO Capital Markets upped their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded down $3.83 during trading on Friday, hitting $446.16. 232,216 shares of the company's stock traded hands, compared to its average volume of 294,004. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The stock has a market capitalization of $16.87 billion, a P/E ratio of 32.24, a PEG ratio of 2.94 and a beta of 0.84. The business has a 50-day simple moving average of $445.23 and a 200-day simple moving average of $447.89.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same period last year, the business earned $4.37 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.99%. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.