FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,296 shares of the business services provider's stock after selling 91,729 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.15% of FactSet Research Systems worth $26,558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Hsbc Holdings PLC grew its holdings in FactSet Research Systems by 48.9% during the fourth quarter. Hsbc Holdings PLC now owns 105,496 shares of the business services provider's stock worth $50,802,000 after acquiring an additional 34,659 shares during the period. Stifel Financial Corp increased its holdings in shares of FactSet Research Systems by 4.3% during the 4th quarter. Stifel Financial Corp now owns 44,746 shares of the business services provider's stock valued at $21,523,000 after purchasing an additional 1,837 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of FactSet Research Systems by 10.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,969 shares of the business services provider's stock valued at $1,426,000 after purchasing an additional 274 shares during the period. MML Investors Services LLC boosted its holdings in FactSet Research Systems by 5.7% during the fourth quarter. MML Investors Services LLC now owns 2,302 shares of the business services provider's stock worth $1,105,000 after buying an additional 125 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in FactSet Research Systems during the fourth quarter valued at $1,440,000. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

FDS traded up $0.98 on Monday, hitting $435.54. 55,840 shares of the company's stock were exchanged, compared to its average volume of 283,783. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 2.93 and a beta of 0.88. The firm has a 50-day moving average price of $433.89 and a 200-day moving average price of $459.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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 analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.22 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FDS. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. UBS Group decreased their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets cut their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $436.90.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.