Ninety One UK Ltd Sells 25,787 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Ninety One UK Ltd decreased its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,210,882 shares of the business services provider's stock after selling 25,787 shares during the quarter. FactSet Research Systems accounts for about 1.6% of Ninety One UK Ltd's portfolio, making the stock its 20th largest position. Ninety One UK Ltd owned approximately 3.18% of FactSet Research Systems worth $581,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after buying an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after acquiring an additional 1,436 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider's stock worth $55,621,000 after acquiring an additional 1,260 shares in the last quarter. Nordea Investment Management AB raised its position in shares of 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 purchasing an additional 59,173 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of FactSet Research Systems during the 4th quarter valued at about $1,481,000. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 0.5 %

FDS stock traded down $2.18 during mid-day trading on Friday, reaching $467.10. The company had a trading volume of 221,895 shares, compared to its average volume of 328,979. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.95 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a 50 day simple moving average of $474.36 and a two-hundred day simple moving average of $456.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. During the same period last year, the business earned $4.12 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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 paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a report on Monday, December 23rd. UBS Group upped their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Morgan Stanley lifted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $453.46.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company's stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.