Prudential PLC Has $1.56 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Prudential PLC cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 64.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,237 shares of the business services provider's stock after selling 5,921 shares during the quarter. Prudential PLC's holdings in FactSet Research Systems were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FDS. Mount Yale Investment Advisors LLC increased its stake in FactSet Research Systems by 1.4% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock worth $755,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP increased its holdings in 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 purchasing an additional 22 shares in the last quarter. Private Trust Co. NA raised its position in 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 purchasing an additional 22 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 1.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock worth $809,000 after buying an additional 25 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities research analysts recently commented on FDS shares. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Stifel Nicolaus raised 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. UBS Group cut their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. BMO Capital Markets dropped their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $436.27.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $5.61 on Friday, reaching $422.30. 63,783 shares of the company's stock were exchanged, compared to its average volume of 284,148. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.93 and a beta of 0.82. The business's 50-day moving average is $444.84 and its two-hundred day moving average is $462.68. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. 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 announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 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 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.22 EPS. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.99%. FactSet Research Systems's payout ratio is 29.59%.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the business'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 value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.