Intech Investment Management LLC Sells 4,364 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Intech Investment Management LLC lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,787 shares of the business services provider's stock after selling 4,364 shares during the quarter. Intech Investment Management LLC's holdings in FactSet Research Systems were worth $3,740,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of FactSet Research Systems by 2.2% during 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 acquiring an additional 42,303 shares during the last quarter. Geode Capital Management LLC grew its stake 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 worth $460,467,000 after buying an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 buying an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FactSet Research Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock worth $183,675,000 after buying an additional 9,048 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after buying an additional 59,173 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley cut 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. Wells Fargo & Company downgraded 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 report on Friday. BMO Capital Markets cut their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday. Finally, Stifel Nicolaus increased 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 note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $436.27.

FactSet Research Systems Stock Down 0.1 %

Shares of FactSet Research Systems stock traded down $0.42 during trading on Monday, hitting $432.44. 340,045 shares of the stock traded hands, compared to its average volume of 272,144. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock's fifty day simple moving average is $455.49 and its 200 day simple moving average is $464.69. The firm has a market cap of $16.45 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.93 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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS 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 posted $4.22 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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 dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

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.