Tsai Capital Corp Sells 108 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Tsai Capital Corp decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,620 shares of the business services provider’s stock after selling 108 shares during the period. FactSet Research Systems comprises about 2.3% of Tsai Capital Corp’s holdings, making the stock its 18th biggest position. Tsai Capital Corp’s holdings in FactSet Research Systems were worth $3,179,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Cerity Partners LLC increased its position in FactSet Research Systems by 164.0% during the third quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock valued at $2,356,000 after acquiring an additional 3,183 shares during the last quarter. FMR LLC raised its position in FactSet Research Systems by 14.0% in the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after purchasing an additional 9,506 shares during the period. Brooklyn Investment Group bought a new stake in FactSet Research Systems in the third quarter worth about $35,000. BNP Paribas Financial Markets boosted its position in shares of FactSet Research Systems by 2.6% during the third quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider’s stock valued at $19,208,000 after buying an additional 1,065 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of FactSet Research Systems by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,241 shares of the business services provider’s stock valued at $7,009,000 after buying an additional 303 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.0 %

Shares of NYSE:FDS opened at $449.16 on Friday. The company has a market capitalization of $17.08 billion, a PE ratio of 32.20, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The business’s fifty day simple moving average is $454.05 and its 200-day simple moving average is $464.71.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.22 earnings per share. As a group, equities research analysts predict 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. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s payout ratio is 29.59%.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FDS shares. BMO Capital Markets dropped their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Finally, Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $436.27.

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.