Intech Investment Management LLC Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Intech Investment Management LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 18.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,387 shares of the business services provider’s stock after selling 2,087 shares during the period. Intech Investment Management LLC’s holdings in FactSet Research Systems were worth $3,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $47,977,000. UBS Group AG lifted its holdings in shares of FactSet Research Systems by 2.7% in the fourth quarter. UBS Group AG now owns 52,525 shares of the business services provider’s stock valued at $25,057,000 after purchasing an additional 1,396 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of FactSet Research Systems by 7.0% in the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock valued at $532,000 after purchasing an additional 73 shares in the last quarter. Quest Partners LLC purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $205,000. Finally, Congress Wealth Management LLC DE raised its position in shares of FactSet Research Systems by 2.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 27,174 shares of the business services provider’s stock worth $12,964,000 after purchasing an additional 543 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,432 shares of company stock worth $5,166,986. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Down 0.8 %

Shares of FDS opened at $465.91 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The company’s fifty day moving average is $421.66 and its two-hundred day moving average is $428.33. The firm has a market cap of $17.72 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter last year, the firm earned $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts forecast that FactSet Research Systems Inc. will post 16.28 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Analysts Set New Price Targets

Several equities analysts have weighed in on FDS shares. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Jefferies Financial Group reduced their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $446.67.

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.