TIAA Trust National Association Boosts Holdings in FactSet Research Systems Inc. (NYSE:FDS)

TIAA Trust National Association raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 528 shares of the business services provider’s stock after acquiring an additional 71 shares during the period. TIAA Trust National Association’s holdings in FactSet Research Systems were worth $254,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in FactSet Research Systems during the third quarter worth about $35,000. Allworth Financial LP boosted its position 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 worth $64,000 after purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC grew its stake 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 period. Smartleaf Asset Management LLC increased its holdings in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $102,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Finally, Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $436.27.

FactSet Research Systems Trading Down 0.0 %

Shares of FDS stock opened at $449.16 on Friday. 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 debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day moving average is $454.05 and its two-hundred day moving average is $464.71. The firm has a market capitalization of $17.08 billion, a P/E ratio of 32.20, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $4.22 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.93%. FactSet Research Systems’s payout ratio is 29.59%.

FactSet Research Systems 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.