Dock Street Asset Management Inc. Sells 18,656 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Dock Street Asset Management Inc. cut its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 94.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,021 shares of the business services provider's stock after selling 18,656 shares during the quarter. Dock Street Asset Management Inc.'s holdings in FactSet Research Systems were worth $490,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC increased its stake in 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 acquiring an additional 8,376 shares during the period. JPMorgan Chase & Co. lifted its position in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after acquiring an additional 52,741 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider's stock valued at $171,702,000 after purchasing an additional 4,113 shares during the period. Finally, Nordea Investment Management AB boosted its stake in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after buying an additional 59,173 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $8.03 during midday trading on Tuesday, hitting $452.63. 143,216 shares of the company were exchanged, compared to its average volume of 313,835. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The firm has a market capitalization of $17.21 billion, a P/E ratio of 32.45, a PEG ratio of 2.95 and a beta of 0.77. The firm's 50 day moving average price is $473.77 and its two-hundred day moving average price is $457.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $565.14 million. During the same quarter in the previous year, the firm earned $4.12 EPS. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems's dividend payout ratio is currently 29.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FDS. Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a research report on Tuesday. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $453.23.

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.