PNC Financial Services Group Inc. Has $13.30 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

PNC Financial Services Group Inc. lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,695 shares of the business services provider's stock after selling 1,130 shares during the quarter. PNC Financial Services Group Inc. owned 0.07% of FactSet Research Systems worth $13,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FDS. Raymond James Trust N.A. grew its position in FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider's stock valued at $436,000 after purchasing an additional 21 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of 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 worth $755,000 after buying an additional 22 shares during the last quarter. Allworth Financial LP grew its holdings in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after acquiring an additional 22 shares in the last quarter. Private Trust Co. NA increased its position in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after acquiring an additional 22 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC raised its holdings 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 worth $809,000 after acquiring an additional 25 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Down 2.6 %

Shares of NYSE:FDS opened at $431.17 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The business has a 50 day moving average of $460.60 and a 200-day moving average of $463.84. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.40 billion, a PE ratio of 30.91, a P/E/G ratio of 2.93 and a beta of 0.77.

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FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems's dividend payout ratio is 29.82%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price target on FactSet Research Systems from $500.00 to $450.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective 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. Finally, UBS Group upped their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $449.38.

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.

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