Aviva PLC Sells 60,910 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Aviva PLC trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 72.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,922 shares of the business services provider's stock after selling 60,910 shares during the quarter. Aviva PLC owned 0.06% of FactSet Research Systems worth $11,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FDS. Raymond James Financial Inc. bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after buying an additional 94,668 shares during the last quarter. Wealthfront Advisers LLC boosted its position 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 period. Nordea Investment Management AB grew its holdings in FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after acquiring an additional 59,173 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter valued at about $26,338,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

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Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the 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 directly owns 44 shares of the company's stock, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 1.5 %

Shares of FDS stock traded up $6.39 during mid-day trading on Monday, reaching $431.83. 36,741 shares of the company's stock traded hands, compared to its average volume of 284,012. The company's 50-day moving average price is $444.02 and its 200-day moving average price is $462.50. The company has a market cap of $16.39 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.93 and a beta of 0.82. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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 net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. During the same quarter in the prior year, the company earned $4.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

Analyst Ratings Changes

Several analysts recently issued reports on FDS shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group cut their price objective 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 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 report on Monday, March 24th. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $436.90.

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.