Nuveen Asset Management LLC Has $60.27 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Nuveen Asset Management LLC lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 125,490 shares of the business services provider's stock after selling 5,020 shares during the period. Nuveen Asset Management LLC owned about 0.33% of FactSet Research Systems worth $60,270,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the fourth quarter valued at $29,000. Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% during 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 during the period. Smartleaf Asset Management LLC grew its position in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after buying an additional 33 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $102,000. Finally, Private Trust Co. NA increased its stake 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 during the period. Institutional investors own 91.24% of the company's stock.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.0%

Shares of FactSet Research Systems stock traded down $0.18 during trading on Thursday, reaching $464.13. 267,018 shares of the company traded hands, compared to its average volume of 291,630. The firm has a market capitalization of $17.61 billion, a PE ratio of 33.27, a P/E/G ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a 50 day moving average price of $437.01 and a 200-day moving average price of $458.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.22 earnings per share. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's dividend payout ratio is 31.29%.

Analyst Ratings Changes

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

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.