Commerce Bank Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Commerce Bank lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,102 shares of the business services provider's stock after selling 603 shares during the quarter. Commerce Bank's holdings in FactSet Research Systems were worth $5,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FDS. Allworth Financial LP increased its holdings in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems in the fourth quarter worth $102,000. Private Trust Co. NA boosted its holdings in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after acquiring an additional 22 shares in the last quarter. Finally, Blue Trust Inc. increased its position in FactSet Research Systems by 61.8% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after purchasing an additional 141 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDS. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $1.52 during midday trading on Wednesday, reaching $425.48. 253,166 shares of the stock traded hands, compared to its average volume of 284,957. The company's 50 day moving average is $439.19 and its 200 day moving average is $460.99. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $16.15 billion, a PE ratio of 30.50, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the business earned $4.22 earnings per share. FactSet Research Systems's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate 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 was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

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.