Alliancebernstein L.P. Has $19.57 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

Alliancebernstein L.P. decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,743 shares of the business services provider's stock after selling 5,041 shares during the period. Alliancebernstein L.P. owned 0.11% of FactSet Research Systems worth $19,568,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FDS. O Shaughnessy Asset Management LLC raised its holdings in FactSet Research Systems by 19.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,671 shares of the business services provider's stock worth $4,165,000 after acquiring an additional 1,408 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of FactSet Research Systems during the 4th quarter worth about $5,882,000. Intrust Bank NA boosted its stake in FactSet Research Systems by 18.4% during the 4th quarter. Intrust Bank NA now owns 793 shares of the business services provider's stock valued at $381,000 after purchasing an additional 123 shares during the period. Allstate Corp acquired a new stake in FactSet Research Systems in the 4th quarter valued at approximately $537,000. Finally, DnB Asset Management AS increased its position in FactSet Research Systems by 2.1% in the 4th quarter. DnB Asset Management AS now owns 6,606 shares of the business services provider's stock worth $3,173,000 after buying an additional 138 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $9.24 during mid-day trading on Friday, reaching $425.93. 266,476 shares of the stock were exchanged, compared to its average volume of 284,814. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The firm has a 50-day simple moving average of $444.02 and a 200 day simple moving average of $462.46. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $4.22 earnings per share. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.59%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FDS. 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 research report on Friday, December 20th. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $436.90.

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.