Prana Capital Management LP Reduces Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Prana Capital Management LP cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 83.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,811 shares of the business services provider's stock after selling 9,066 shares during the period. Prana Capital Management LP's holdings in FactSet Research Systems were worth $870,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the fourth quarter valued at approximately $69,128,000. Geode Capital Management LLC grew its position in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Meridiem Capital Partners LP purchased a new stake in FactSet Research Systems during the 4th quarter valued at $41,241,000. Wealthfront Advisers LLC raised its stake in FactSet Research Systems by 4,104.5% during the 4th quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock valued at $36,712,000 after buying an additional 74,620 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after buying an additional 66,861 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts recently commented on FDS shares. UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company 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 target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective 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. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Morgan Stanley decreased 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. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded down $0.98 during trading on Tuesday, hitting $469.41. 87,116 shares of the company's stock were exchanged, compared to its average volume of 303,345. The business's 50-day simple moving average is $435.59 and its 200 day simple moving average is $458.63. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 33.65, a PEG 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. 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, topping the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.22 EPS. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a $1.10 dividend. 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 0.94%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.29%.

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.