Norden Group LLC Trims Stake in FactSet Research Systems Inc. (NYSE:FDS)

Norden Group LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,348 shares of the business services provider’s stock after selling 69 shares during the period. Norden Group LLC’s holdings in FactSet Research Systems were worth $1,608,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the 3rd quarter valued at $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems in the 3rd quarter valued at $35,000. Allworth Financial LP raised its holdings in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 156 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 1.6 %

Shares of NYSE FDS opened at $461.93 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market cap of $17.57 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.93 and a beta of 0.77. 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 stock has a fifty day moving average price of $466.78 and a 200 day moving average price of $461.82.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the firm earned $4.12 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS 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. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s payout ratio is currently 29.82%.

Analyst Ratings Changes

FDS has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company dropped their price objective on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $453.23.

About FactSet Research Systems

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.