FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 94.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,021 shares of the business services provider’s stock after selling 18,656 shares during the period. Dock Street Asset Management Inc.’s holdings in FactSet Research Systems were worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC lifted its holdings in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after buying an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. boosted its position in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after acquiring an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after acquiring an additional 59,173 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $468.04 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm has a market capitalization of $17.80 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.98 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $474.85 and its 200 day moving average price is $455.80.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.12 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $453.46.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

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.