FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp cut its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,975 shares of the business services provider's stock after selling 1,357 shares during the quarter. Cibc World Markets Corp's holdings in FactSet Research Systems were worth $2,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FDS. Glenview Trust co raised its stake in FactSet Research Systems by 10.6% in the fourth quarter. Glenview Trust co now owns 573 shares of the business services provider's stock worth $275,000 after buying an additional 55 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in FactSet Research Systems by 7.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,493 shares of the business services provider's stock valued at $1,677,000 after purchasing an additional 230 shares during the last quarter. Impact Capital Partners LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $584,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of FactSet Research Systems by 1.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,498 shares of the business services provider's stock worth $3,619,000 after buying an additional 97 shares during the last quarter. Finally, Erste Asset Management GmbH raised its stake in shares of FactSet Research Systems by 9.8% during the 4th quarter. Erste Asset Management GmbH now owns 13,722 shares of the business services provider's stock worth $6,661,000 after acquiring an additional 1,230 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

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FactSet Research Systems Trading Up 1.8 %

Shares of FDS traded up $7.99 during midday trading on Tuesday, reaching $440.10. The company had a trading volume of 266,004 shares, compared to its average volume of 272,059. The firm has a 50 day simple moving average of $455.05 and a 200-day simple moving average of $464.73. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.74 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.22 earnings per share. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

FDS has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Finally, BMO Capital Markets decreased their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $436.27.

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.