The Manufacturers Life Insurance Company Sells 2,250 Shares of FactSet Research Systems Inc. (NYSE:FDS)

The Manufacturers Life Insurance Company cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,391 shares of the business services provider's stock after selling 2,250 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of FactSet Research Systems worth $11,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDS. Allworth Financial LP increased its holdings in FactSet Research Systems by 19.1% in 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% during 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth about $102,000. Private Trust Co. NA grew its holdings in FactSet Research Systems by 8.2% during the 4th 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 in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of FactSet Research Systems by 61.8% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

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

FactSet Research Systems Trading Up 1.1 %

Shares of NYSE FDS opened at $434.70 on Monday. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The stock has a market capitalization of $16.50 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $433.89 and a 200 day moving average price of $459.18.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter last year, the firm earned $4.22 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Wall Street Analysts Forecast Growth

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

FactSet Research Systems Company 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.

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