abrdn plc Sells 3,581 Shares of FactSet Research Systems Inc. (NYSE:FDS)

abrdn plc lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,076 shares of the business services provider's stock after selling 3,581 shares during the period. abrdn plc owned about 0.20% of FactSet Research Systems worth $36,207,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after buying an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after purchasing an additional 1,436 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider's stock valued at $55,621,000 after acquiring an additional 1,260 shares during the last quarter. Nordea Investment Management AB lifted 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 valued at $164,653,000 after purchasing an additional 59,173 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in FactSet Research Systems during the fourth quarter worth about $1,481,000. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of FDS stock traded down $2.18 during midday trading on Friday, reaching $467.10. 221,895 shares of the company were exchanged, compared to its average volume of 328,979. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month 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. The company's 50 day moving average price is $474.36 and its two-hundred day moving average price is $456.34. The company has a market cap of $17.76 billion, a P/E ratio of 33.48, a PEG ratio of 2.95 and a beta of 0.77.

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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the company earned $4.12 EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Analyst Upgrades and Downgrades

FDS has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Morgan Stanley lifted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a report on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $453.46.

Insider Activity

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company's stock, valued at $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

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.