Royal London Asset Management Ltd. Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Royal London Asset Management Ltd. cut its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,376 shares of the business services provider's stock after selling 3,394 shares during the period. Royal London Asset Management Ltd. owned about 0.31% of FactSet Research Systems worth $57,334,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FDS. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the third quarter valued at about $35,000. Allworth Financial LP raised 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 purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock valued at $79,000 after purchasing an additional 156 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after purchasing an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $102,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

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FactSet Research Systems Trading Up 1.8 %

Shares of NYSE FDS traded up $7.99 during mid-day trading on Tuesday, reaching $440.10. 266,004 shares of the company's stock were exchanged, compared to its average volume of 272,059. The company's 50-day moving average is $455.05 and its 200-day moving average is $464.73. 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 capitalization of $16.74 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 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 firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the business posted $4.22 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent analyst reports. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a report on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday. Finally, BMO Capital Markets reduced 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. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company presently 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.