Kennedy Capital Management LLC Reduces Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Kennedy Capital Management LLC lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,111 shares of the business services provider's stock after selling 603 shares during the quarter. Kennedy Capital Management LLC owned 0.06% of FactSet Research Systems worth $11,580,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC grew its holdings in FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP lifted its stake in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Private Trust Co. NA raised its holdings in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after buying an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC grew its position in FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after purchasing an additional 25 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. 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 for the company in a research report on Monday, March 24th. Stifel Nicolaus upped 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. Morgan Stanley decreased their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $4.09 during midday trading on Wednesday, reaching $432.14. 62,049 shares of the stock were exchanged, compared to its average volume of 284,468. The firm has a market cap of $16.40 billion, a PE ratio of 30.98, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company's fifty day moving average is $442.69 and its 200-day moving average is $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 data 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. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.22 earnings per share. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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

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.