Commonwealth Equity Services LLC Has $4.96 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Commonwealth Equity Services LLC trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,335 shares of the business services provider's stock after selling 3,311 shares during the quarter. Commonwealth Equity Services LLC's holdings in FactSet Research Systems were worth $4,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quest Partners LLC boosted its position in FactSet Research Systems by 560.3% during the 3rd quarter. Quest Partners LLC now owns 449 shares of the business services provider's stock worth $206,000 after acquiring an additional 381 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FactSet Research Systems in the third quarter worth about $736,000. Connor Clark & Lunn Investment Management Ltd. grew its position in FactSet Research Systems by 153.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider's stock valued at $8,191,000 after buying an additional 10,791 shares in the last quarter. Intech Investment Management LLC increased its stake in FactSet Research Systems by 29.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider's stock valued at $5,588,000 after buying an additional 2,764 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider's stock valued at $171,702,000 after buying an additional 4,113 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

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Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction 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 represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 0.3 %

Shares of FactSet Research Systems stock traded up $1.50 during trading on Wednesday, hitting $440.90. 244,284 shares of the stock traded hands, compared to its average volume of 296,256. 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 stock has a market cap of $16.77 billion, a P/E ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. The company has a fifty day moving average price of $454.78 and a two-hundred day moving average price of $464.84. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the firm earned $4.22 EPS. FactSet Research Systems's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Analyst Ratings Changes

A number of brokerages have issued reports on FDS. UBS Group decreased their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. 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 report on Friday, March 21st. BMO Capital Markets dropped their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Five equities research 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 a consensus rating of "Hold" and a consensus price target of $436.27.

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.