Vanguard Group Inc. Sells 477,372 Shares of FactSet Research Systems Inc. $FDS

Vanguard Group Inc. lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,455,010 shares of the business services provider’s stock after selling 477,372 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of FactSet Research Systems worth $1,292,799,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its stake in FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after purchasing an additional 30 shares in the last quarter. Aurora Investment Managers LLC. lifted its stake in FactSet Research Systems by 0.9% in the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 35 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of FactSet Research Systems by 3.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider’s stock valued at $328,000 after buying an additional 37 shares in the last quarter. Covestor Ltd raised its position in shares of FactSet Research Systems by 53.4% during the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock valued at $33,000 after buying an additional 39 shares in the last quarter. Finally, WPG Advisers LLC raised its position in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $227.51 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $8.29 billion, a P/E ratio of 14.63, a P/E/G ratio of 2.02 and a beta of 0.73. The company’s 50-day simple moving average is $217.35 and its two-hundred day simple moving average is $252.22. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $474.79.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The business had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.9%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group decreased their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Bank of America initiated coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. Evercore increased their price objective on shares of FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus target price of $279.85.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.