Legal & General Group Plc Decreases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Legal & General Group Plc lessened its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 285,796 shares of the business services provider's stock after selling 59,228 shares during the quarter. Legal & General Group Plc owned 0.75% of FactSet Research Systems worth $137,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FDS. Invesco Ltd. grew its stake in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after purchasing an additional 66,861 shares during the period. Bank of Montreal Can increased its holdings in FactSet Research Systems by 26.7% in the fourth quarter. Bank of Montreal Can now owns 53,049 shares of the business services provider's stock valued at $25,478,000 after buying an additional 11,177 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of FactSet Research Systems in the fourth quarter worth about $373,000. Wedbush Securities Inc. boosted its stake in shares of FactSet Research Systems by 71.6% during the 4th quarter. Wedbush Securities Inc. now owns 779 shares of the business services provider's stock worth $374,000 after acquiring an additional 325 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of FactSet Research Systems by 2.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 121,115 shares of the business services provider's stock valued at $58,169,000 after purchasing an additional 2,799 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Remove Ads

FactSet Research Systems Trading Down 0.7 %

Shares of FactSet Research Systems stock traded down $3.14 during trading hours on Wednesday, hitting $433.09. The company's stock had a trading volume of 37,480 shares, compared to its average volume of 308,543. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The firm has a fifty day moving average of $442.69 and a 200-day moving average of $462.15. 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 released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business posted $4.22 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.96%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Insider Transactions 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 dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDS. UBS Group dropped their price objective 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. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley cut their price objective on 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. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $436.90.

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.