Loomis Sayles & Co. L P Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Loomis Sayles & Co. L P trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,502,324 shares of the business services provider’s stock after selling 50,979 shares during the quarter. FactSet Research Systems comprises about 78.0% of Loomis Sayles & Co. L P’s holdings, making the stock its 24th largest position. Loomis Sayles & Co. L P owned 3.95% of FactSet Research Systems worth $721,536,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FDS. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth $35,000. Allworth Financial LP boosted 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 worth $64,000 after purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC increased its position in shares of FactSet Research Systems by 5,200.0% during 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in FactSet Research Systems in the 4th quarter worth approximately $102,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.3 %

Shares of NYSE FDS opened at $440.90 on Thursday. The firm has a fifty day simple moving average of $454.52 and a two-hundred day simple moving average of $464.67. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $16.77 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) 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 business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business posted $4.22 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is 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 dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on FDS shares. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets decreased 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. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $436.27.

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.