FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC decreased its position in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,983 shares of the business services provider’s stock after selling 1,507 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $1,741,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock valued at $1,866,025,000 after buying an additional 52,604 shares during the period. State Street Corp lifted its holdings in shares of FactSet Research Systems by 1.7% in the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after buying an additional 32,550 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of FactSet Research Systems by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,078,226 shares of the business services provider’s stock worth $447,561,000 after purchasing an additional 8,564 shares during the period. Geode Capital Management LLC raised its position in shares of FactSet Research Systems by 3.4% during the second quarter. Geode Capital Management LLC now owns 948,769 shares of the business services provider’s stock worth $379,265,000 after purchasing an additional 31,420 shares during the period. Finally, Morgan Stanley raised its position in shares of FactSet Research Systems by 171.6% during the fourth quarter. Morgan Stanley now owns 718,288 shares of the business services provider’s stock worth $288,185,000 after purchasing an additional 453,799 shares during the period. Institutional investors and hedge funds own 89.50% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, Director Laurie Siegel sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $475.84, for a total transaction of $713,760.00. Following the completion of the sale, the director now owns 595 shares in the company, valued at approximately $283,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Christopher R. Ellis sold 9,291 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $450.76, for a total transaction of $4,188,011.16. Following the completion of the sale, the executive vice president now owns 23,433 shares in the company, valued at approximately $10,562,659.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laurie Siegel sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $475.84, for a total value of $713,760.00. Following the sale, the director now owns 595 shares of the company’s stock, valued at approximately $283,124.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,805 shares of company stock worth $8,164,021. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $480.00 target price (up from $471.00) on shares of FactSet Research Systems in a research report on Friday, December 8th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $436.00 to $469.00 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. BMO Capital Markets boosted their target price on FactSet Research Systems from $436.00 to $447.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $434.25.

Get Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $477.59 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.68 and a quick ratio of 1.68. FactSet Research Systems Inc. has a fifty-two week low of $377.89 and a fifty-two week high of $487.79. The stock’s 50-day moving average is $464.71 and its two-hundred day moving average is $447.67. The firm has a market cap of $18.19 billion, a P/E ratio of 38.64, a PEG ratio of 2.89 and a beta of 0.75.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its earnings results on Tuesday, December 19th. The business services provider reported $4.12 earnings per share for the quarter, topping the consensus estimate of $4.10 by $0.02. FactSet Research Systems had a return on equity of 34.47% and a net margin of 22.60%. The company had revenue of $542.20 million for the quarter, compared to analyst estimates of $540.34 million. During the same period in the prior year, the firm posted $3.99 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that FactSet Research Systems Inc. will post 15.76 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.98 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.72%.

FactSet Research Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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