FactSet Research Systems Inc. (NYSE:FDS) Holdings Cut by Candriam S.C.A.

Candriam S.C.A. reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,556 shares of the business services provider’s stock after selling 216 shares during the period. Candriam S.C.A.’s holdings in FactSet Research Systems were worth $2,188,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in FactSet Research Systems by 21.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the business services provider’s stock worth $230,000 after buying an additional 88 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of FactSet Research Systems by 10.4% during the third quarter. Van ECK Associates Corp now owns 7,956 shares of the business services provider’s stock valued at $3,690,000 after acquiring an additional 752 shares during the period. QRG Capital Management Inc. grew its position in shares of FactSet Research Systems by 6.5% during the third quarter. QRG Capital Management Inc. now owns 1,127 shares of the business services provider’s stock worth $518,000 after acquiring an additional 69 shares during the last quarter. Amalgamated Bank grew its position in shares of FactSet Research Systems by 2.4% during the third quarter. Amalgamated Bank now owns 8,116 shares of the business services provider’s stock worth $3,732,000 after acquiring an additional 190 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of FactSet Research Systems by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider’s stock worth $22,437,000 after acquiring an additional 1,443 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Down 0.2 %

Shares of FDS stock opened at $440.67 on Monday. The stock has a 50-day simple moving average of $462.37 and a 200 day simple moving average of $463.44. The stock has a market capitalization of $16.76 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. During the same quarter last year, the firm posted $4.12 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley increased 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. Wells Fargo & Company lowered their target price on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $449.38.

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.