Ninety One UK Ltd Has $581.56 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Ninety One UK Ltd trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,210,882 shares of the business services provider’s stock after selling 25,787 shares during the quarter. FactSet Research Systems comprises approximately 1.6% of Ninety One UK Ltd’s holdings, making the stock its 20th largest position. Ninety One UK Ltd’s holdings in FactSet Research Systems were worth $581,562,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the third quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems in the third quarter valued at about $35,000. Exchange Traded Concepts LLC increased its stake in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after purchasing an additional 128 shares during the period. Finally, Continuum Advisory LLC lifted its position in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after purchasing an additional 156 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Down 0.6 %

Shares of FDS opened at $467.15 on Wednesday. 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 company has a 50-day moving average price of $475.69 and a two-hundred day moving average price of $455.62. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.98 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

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 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 business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the company earned $4.12 EPS. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Analyst Ratings Changes

FDS has been the topic of a number of research analyst reports. BMO Capital Markets lowered their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $453.46.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by 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.