Massachusetts Financial Services Co. MA Has $187.26 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Massachusetts Financial Services Co. MA decreased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,896 shares of the business services provider's stock after selling 21,788 shares during the period. Massachusetts Financial Services Co. MA owned 1.03% of FactSet Research Systems worth $187,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew 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 worth $888,603,000 after buying an additional 42,303 shares during the period. Geode Capital Management LLC boosted its holdings in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock valued at $240,184,000 after purchasing an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock worth $183,675,000 after purchasing an additional 9,048 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets reduced their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a report on Friday, December 20th. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Finally, UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Five 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, the company presently has a consensus rating of "Hold" and an average target price of $436.27.

FactSet Research Systems Stock Up 7.2 %

FDS stock traded up $28.68 during mid-day trading on Wednesday, reaching $427.53. The company had a trading volume of 457,497 shares, compared to its average volume of 284,645. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 30.65, 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 stock has a 50 day simple moving average of $445.92 and a two-hundred day simple moving average of $463.01. 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, March 20th. The business services provider reported $4.28 earnings per share 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 business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same period last year, the business earned $4.22 earnings per share. The firm's revenue was up 4.5% 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.97%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.59%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The transaction 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.

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.