Wells Fargo & Company MN Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Wells Fargo & Company MN decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411,855 shares of the business services provider's stock after selling 33,904 shares during the period. Wells Fargo & Company MN owned 3.71% of FactSet Research Systems worth $678,085,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FDS. ExodusPoint Capital Management LP raised its position in shares of FactSet Research Systems by 25.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 15,111 shares of the business services provider's stock valued at $7,258,000 after buying an additional 3,095 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in FactSet Research Systems by 7.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 559 shares of the business services provider's stock valued at $268,000 after purchasing an additional 38 shares during the last quarter. World Investment Advisors bought a new position in shares of FactSet Research Systems in the fourth quarter worth about $258,000. Huntington National Bank increased its stake in FactSet Research Systems by 152.2% in the 4th quarter. Huntington National Bank now owns 734 shares of the business services provider's stock worth $353,000 after buying an additional 443 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in FactSet Research Systems during the 4th quarter valued at about $3,570,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

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FactSet Research Systems Stock Down 3.3 %

NYSE:FDS traded down $14.20 during midday trading on Thursday, reaching $412.62. 89,848 shares of the stock traded hands, compared to its average volume of 283,905. The stock has a market capitalization of $15.66 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. 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 business has a 50-day moving average of $445.92 and a two-hundred day moving average of $463.01.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter last year, the firm earned $4.22 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated 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 owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

FDS has been the topic of a number of research reports. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, BMO Capital Markets cut their target price on shares of 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. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.