UBS Group AG Sells 21,106 Shares of FactSet Research Systems Inc. $FDS

Key Points

• UBS Group AG trimmed its stake in FactSet by 10%, selling 21,106 shares and leaving it with 190,655 shares worth about $55.33 million (roughly 0.51% of the company).
• Analysts are mixed with a MarketBeat consensus rating of "Reduce" and a consensus price target of $279.85 (ratings breakdown: 1 Strong Buy, 1 Buy, 9 Hold, 6 Sell).
• FactSet beat quarterly estimates (EPS $4.46 vs. $4.37; revenue $611.02M, +7.1% YoY) and raised its quarterly dividend to $1.16 (annualized $4.64; ~2.1% yield; ex-dividend May 29).

UBS Group AG lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,655 shares of the business services provider's stock after selling 21,106 shares during the quarter. UBS Group AG owned 0.51% of FactSet Research Systems worth $55,326,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Horizon Corp bought a new stake in shares of FactSet Research Systems in the third quarter worth $25,000. Cromwell Holdings LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter worth $26,000. WPG Advisers LLC lifted its position in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider's stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after purchasing an additional 64 shares in the last quarter. Finally, Winnow Wealth LLC bought a new stake in shares of FactSet Research Systems in the third quarter worth $28,000. Institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on FDS. Royal Bank Of Canada cut their price objective on FactSet Research Systems from $320.00 to $243.00 and set a "sector perform" rating for the company in a report on Wednesday, March 18th. Evercore increased their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the company an "in-line" rating in a report on Thursday, January 8th. Weiss Ratings reissued a "sell (d+)" rating on shares of FactSet Research Systems in a report on Friday, March 27th. Wells Fargo & Company increased their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the company an "underweight" rating in a report on Wednesday, April 1st. Finally, UBS Group cut their price objective on FactSet Research Systems from $425.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $279.85.

FactSet Research Systems Trading Down 2.2%

Shares of FactSet Research Systems stock opened at $219.50 on Wednesday. The business has a fifty day simple moving average of $217.84 and a two-hundred day simple moving average of $251.29. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $474.79. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.95 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The business had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter last year, the firm posted $4.28 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 2.1%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.10. FactSet Research Systems's payout ratio is 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company's core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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