Wells Fargo & Company MN Sells 33,904 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Wells Fargo & Company MN cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 3.71% of FactSet Research Systems worth $678,085,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FDS. State Street Corp boosted its holdings in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares in the last quarter. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after buying an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock valued at $240,184,000 after acquiring an additional 16,522 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after acquiring an additional 7,718 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider’s stock worth $183,675,000 after acquiring an additional 9,048 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $415.36 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $451.88 and its 200 day simple moving average is $464.70. The stock has a market cap of $15.80 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced 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 net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter in the previous year, the company earned $4.22 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is presently 29.59%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 company from $450.00 to $402.00 in a report on Friday, March 21st. UBS Group decreased their price objective on 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 reduced their price target 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. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $436.27.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm’s 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 transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate 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.