Handelsbanken Fonder AB Has $4.83 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Handelsbanken Fonder AB lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 10,051 shares of the business services provider’s stock after selling 600 shares during the period. Handelsbanken Fonder AB’s holdings in FactSet Research Systems were worth $4,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Cumberland Partners Ltd acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $840,000. Atlas Legacy Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $441,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $204,000. Venturi Wealth Management LLC increased its position in shares of FactSet Research Systems by 21.3% during the 4th quarter. Venturi Wealth Management LLC now owns 3,780 shares of the business services provider’s stock worth $1,815,000 after purchasing an additional 663 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of FactSet Research Systems by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 5,802 shares of the business services provider’s stock worth $2,787,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FDS shares. Morgan Stanley increased their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets lowered their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Stock Down 0.9 %

Shares of NYSE:FDS opened at $462.10 on Monday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a 50 day moving average of $469.33 and a 200-day moving average of $460.21. 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 stock has a market cap of $17.57 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly 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 net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the previous year, the company earned $4.12 EPS. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

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.