Natixis Sells 2,439 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Natixis lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 44.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,053 shares of the business services provider's stock after selling 2,439 shares during the period. Natixis' holdings in FactSet Research Systems were worth $1,466,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FDS. Norinchukin Bank The grew its holdings in FactSet Research Systems by 7.9% during the 4th quarter. Norinchukin Bank The now owns 1,670 shares of the business services provider's stock worth $802,000 after acquiring an additional 122 shares during the period. Dimensional Fund Advisors LP grew its stake in FactSet Research Systems by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 263,495 shares of the business services provider's stock worth $126,557,000 after purchasing an additional 10,326 shares during the period. First Trust Advisors LP grew its stake in FactSet Research Systems by 397.3% during the fourth quarter. First Trust Advisors LP now owns 8,917 shares of the business services provider's stock worth $4,283,000 after purchasing an additional 7,124 shares during the period. Forum Financial Management LP bought a new stake in FactSet Research Systems in the fourth quarter worth approximately $249,000. Finally, Farringdon Capital Ltd. acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $855,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDS has been the topic of a number of research reports. 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 company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, UBS Group cut their target price 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. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $436.90.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction that occurred 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 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 SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Price Performance

FDS opened at $424.67 on Wednesday. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm has a 50-day moving average of $439.19 and a 200 day moving average of $460.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $16.11 billion, a P/E ratio of 30.44, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the business posted $4.22 EPS. FactSet Research Systems's quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.59%.

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.

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