Russell Investments Group Ltd. Decreases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Russell Investments Group Ltd. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 9.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,721 shares of the business services provider’s stock after selling 3,228 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of FactSet Research Systems worth $15,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its stake in FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after acquiring an additional 23 shares during the last quarter. Drive Wealth Management LLC increased its position in shares of FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 24 shares during the last quarter. Institutional & Family Asset Management LLC raised its holdings in FactSet Research Systems by 0.3% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after buying an additional 29 shares during the period. CENTRAL TRUST Co raised its holdings in FactSet Research Systems by 23.0% during the 4th quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock valued at $74,000 after buying an additional 29 shares during the period. Finally, Palisade Asset Management LLC lifted its position in FactSet Research Systems by 2.6% in the third quarter. Palisade Asset Management LLC now owns 1,185 shares of the business services provider’s stock worth $518,000 after buying an additional 30 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Up 1.2 %

NYSE FDS opened at $428.24 on Friday. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company’s 50-day simple moving average is $447.66 and its two-hundred day simple moving average is $454.14.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities analysts forecast that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s payout ratio is presently 31.04%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets boosted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Barclays reiterated an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $442.70.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,363,082.90. The disclosure for this sale can be found here. Insiders sold 6,330 shares of company stock worth $2,740,515 in the last three months. 1.00% of the stock is owned by insiders.

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.