Prudential Financial Inc. Sells 3,282 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Prudential Financial Inc. trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,118 shares of the business services provider's stock after selling 3,282 shares during the period. Prudential Financial Inc. owned approximately 0.05% of FactSet Research Systems worth $9,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of FactSet Research Systems by 164.0% in the third quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider's stock valued at $2,356,000 after buying an additional 3,183 shares during the period. FMR LLC raised its holdings in FactSet Research Systems by 14.0% in the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider's stock valued at $35,614,000 after acquiring an additional 9,506 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $35,000. BNP Paribas Financial Markets grew its holdings in shares of FactSet Research Systems by 2.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider's stock worth $19,208,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FactSet Research Systems by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,241 shares of the business services provider's stock valued at $7,009,000 after purchasing an additional 303 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

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FactSet Research Systems Price Performance

FDS traded down $14.73 during midday trading on Thursday, hitting $436.99. The company had a trading volume of 338,563 shares, compared to its average volume of 280,574. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a market capitalization of $16.62 billion, a PE ratio of 31.33, a P/E/G ratio of 2.93 and a beta of 0.77. 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's 50-day simple moving average is $452.90 and its 200-day simple moving average is $464.96.

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, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the prior year, the firm posted $4.22 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

FDS has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. BMO Capital Markets decreased their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, Morgan Stanley cut their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and an average target price of $436.27.

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.