Fiera Capital Corp Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Fiera Capital Corp reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,443 shares of the business services provider's stock after selling 5,808 shares during the quarter. Fiera Capital Corp owned about 0.75% of FactSet Research Systems worth $137,093,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FDS. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $38,909,000. Nordea Investment Management AB lifted its stake in shares of 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 valued at $164,653,000 after purchasing an additional 59,173 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after purchasing an additional 52,741 shares during the period. State Street Corp lifted its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after purchasing an additional 42,303 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of FactSet Research Systems by 9.3% in 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 purchasing an additional 25,294 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their target price on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, Wells Fargo & Company lowered their price objective on FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $453.23.

FactSet Research Systems Stock Down 0.7 %

Shares of FactSet Research Systems stock traded down $3.15 on Friday, reaching $456.24. The company's stock had a trading volume of 190,431 shares, compared to its average volume of 328,979. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77. The firm's fifty day simple moving average is $471.71 and its two-hundred day simple moving average is $457.92. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. 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 (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the company earned $4.12 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.82%.

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.