Ninety One North America Inc. Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Ninety One North America Inc. decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,043 shares of the business services provider's stock after selling 2,696 shares during the quarter. FactSet Research Systems makes up 1.9% of Ninety One North America Inc.'s portfolio, making the stock its 19th biggest position. Ninety One North America Inc. owned 0.17% of FactSet Research Systems worth $30,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDS. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the third quarter worth $35,000. Exchange Traded Concepts LLC boosted its position in FactSet Research Systems by 581.8% during the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock worth $69,000 after purchasing an additional 128 shares during the period. Finally, Coastline Trust Co acquired a new position in FactSet Research Systems in the 3rd quarter valued at $78,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems 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 transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.5 %

FDS traded down $2.18 during trading on Friday, hitting $467.10. 189,867 shares of the company's stock were exchanged, compared to its average volume of 322,228. The stock has a market cap of $17.76 billion, a P/E ratio of 33.48, a PEG ratio of 2.98 and a beta of 0.77. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The business's 50 day moving average is $474.85 and its two-hundred day moving average is $455.80. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly 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 company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business earned $4.12 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems's payout ratio is presently 29.82%.

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.