FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,194 shares of the business services provider's stock after selling 734 shares during the quarter. Kesler Norman & Wride LLC's holdings in FactSet Research Systems were worth $1,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FDS. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after buying an additional 22 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock worth $79,000 after purchasing an additional 156 shares during the period. Smartleaf Asset Management LLC grew its position in 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 buying an additional 33 shares during the period. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $102,000. Finally, Private Trust Co. NA raised its position 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 worth $140,000 after acquiring an additional 22 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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FactSet Research Systems Price Performance

Shares of FDS stock traded down $21.79 on Friday, reaching $415.36. The company's stock had a trading volume of 769,259 shares, compared to its average volume of 282,860. The stock's fifty day simple moving average is $451.88 and its 200-day simple moving average is $464.81. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (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 firm had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. During the same period in the prior year, the company earned $4.22 EPS. The business's revenue was up 4.5% compared to the same quarter last year. Analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday, March 21st. UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced 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 research note on Monday, March 24th. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $436.27.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The shares were 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 owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

FactSet Research Systems 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.