Universal Beteiligungs und Servicegesellschaft mbH Sells 13,243 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 13,243 shares, cutting its FactSet stake by 18.2% to 59,589 shares (about 0.16% of the company) worth roughly $17.33 million at quarter-end.
• FactSet beat Q1 estimates with $4.46 EPS (vs. $4.37) and $611.02M revenue (up 7.1% YoY), shows strong profitability (ROE 30.25%, net margin 24.48%) and pays a $1.10 quarterly dividend (2.0% yield).
• Institutional ownership is high at 91.24%, but analyst sentiment is cautious—MarketBeat’s average rating is "Reduce" with a consensus target price of $279.85 after several recent price-target cuts.

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,589 shares of the business services provider's stock after selling 13,243 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of FactSet Research Systems worth $17,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Running Oak Capital LLC increased its position in shares of FactSet Research Systems by 14.0% during the third quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider's stock valued at $11,842,000 after purchasing an additional 5,072 shares during the period. Nuance Investments LLC bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $2,733,000. Fiera Capital Corp increased its position in shares of FactSet Research Systems by 5.3% during the third quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider's stock valued at $80,271,000 after purchasing an additional 14,133 shares during the period. Financial Strategies Group Inc. bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $7,920,000. Finally, Mcdonald Capital Investors Inc. CA bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $28,320,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $224.03 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $8.16 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.98 and a beta of 0.73. The business's fifty day moving average is $214.91 and its two-hundred day moving average is $253.67. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $474.79.

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

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. FactSet Research Systems's dividend payout ratio is 28.30%.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of research reports. UBS Group lowered their price objective on FactSet Research Systems from $425.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Bank of America initiated coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an "underperform" rating and a $195.00 price objective on the stock. Royal Bank Of Canada decreased their price target on FactSet Research Systems from $320.00 to $243.00 and set a "sector perform" rating on the stock in a research note on Wednesday, March 18th. Wells Fargo & Company upped their price target on FactSet Research Systems from $195.00 to $200.00 and gave the company an "underweight" rating in a research report on Wednesday, April 1st. Finally, Barclays lowered their price target on FactSet Research Systems from $300.00 to $210.00 and set an "underweight" rating on the stock in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $279.85.

FactSet Research Systems Company Profile

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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