Congress Asset Management Co. Sells 17,495 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Congress Asset Management Co. lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,798 shares of the business services provider's stock after selling 17,495 shares during the quarter. Congress Asset Management Co. owned 0.61% of FactSet Research Systems worth $110,848,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FDS. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the third quarter valued at $38,909,000. Nordea Investment Management AB increased its holdings in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after purchasing an additional 59,173 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after buying an additional 52,741 shares in the last quarter. State Street Corp boosted its stake in FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after buying an additional 42,303 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after buying an additional 25,294 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FDS. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and a consensus target price of $453.23.

FactSet Research Systems Trading Up 1.3 %

FactSet Research Systems stock traded up $5.78 during trading hours on Wednesday, hitting $465.88. The company had a trading volume of 216,040 shares, compared to its average volume of 301,936. The firm has a market cap of $17.72 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.87 and a beta of 0.77. The company has a 50-day moving average price of $470.79 and a two-hundred day moving average price of $458.89. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems's dividend payout ratio is currently 29.82%.

FactSet Research Systems 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.