Achmea Investment Management B.V. Has $1.51 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Achmea Investment Management B.V. trimmed its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 46.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,152 shares of the business services provider's stock after selling 2,789 shares during the period. Achmea Investment Management B.V.'s holdings in FactSet Research Systems were worth $1,514,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. raised its position in shares of FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after acquiring an additional 24 shares during the period. Great Lakes Advisors LLC increased its stake in FactSet Research Systems by 1.4% during the 4th quarter. Great Lakes Advisors LLC now owns 8,522 shares of the business services provider's stock worth $4,093,000 after purchasing an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in FactSet Research Systems by 17.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,019 shares of the business services provider's stock worth $489,000 after purchasing an additional 153 shares in the last quarter. Natural Investments LLC bought a new stake in FactSet Research Systems during the 4th quarter worth approximately $363,000. Finally, Wealthfront Advisers LLC increased its stake 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 worth $36,712,000 after purchasing an additional 74,620 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on FactSet Research Systems from $500.00 to $450.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their target price 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, BMO Capital Markets decreased their price target on shares of 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. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $449.38.

FactSet Research Systems Stock Down 0.3 %

Shares of NYSE:FDS traded down $1.12 during midday trading on Wednesday, hitting $438.70. The stock had a trading volume of 530,130 shares, compared to its average volume of 273,565. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month 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. The business's 50-day simple moving average is $456.86 and its 200-day simple moving average is $464.53. The company has a market cap of $16.68 billion, a P/E ratio of 31.45, a PEG ratio of 2.93 and a beta of 0.77.

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

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. 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.