Goldman Sachs Group Inc. Trims Position in FactSet Research Systems Inc. (NYSE:FDS)

Goldman Sachs Group Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 179,106 shares of the business services provider’s stock after selling 10,322 shares during the period. Goldman Sachs Group Inc. owned about 0.47% of FactSet Research Systems worth $85,443,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FDS. Gabelli Funds LLC purchased a new stake in FactSet Research Systems in the third quarter valued at approximately $262,000. Van ECK Associates Corp boosted its holdings in shares of FactSet Research Systems by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,707 shares of the business services provider’s stock valued at $2,058,000 after purchasing an additional 155 shares during the last quarter. Pathstone Family Office LLC grew its stake in shares of FactSet Research Systems by 55.4% during the 3rd quarter. Pathstone Family Office LLC now owns 2,945 shares of the business services provider’s stock valued at $1,288,000 after buying an additional 1,050 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of FactSet Research Systems by 5.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,063 shares of the business services provider’s stock worth $21,891,000 after buying an additional 2,730 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of FactSet Research Systems by 14.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,670 shares of the business services provider’s stock worth $3,354,000 after buying an additional 987 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FDS shares. Morgan Stanley lowered their price target on FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a research report on Monday, June 3rd. Barclays reissued an “equal weight” rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Finally, Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $431.50.

Read Our Latest Analysis on FDS

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 330 shares of the company’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 sale, the chief accounting officer now owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 approximately $30,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’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 owns 12,915 shares in the company, valued at $5,363,082.90. The disclosure for this sale can be found here. Insiders sold a total of 23,987 shares of company stock valued at $10,283,347 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Down 0.9 %

Shares of FactSet Research Systems stock opened at $406.24 on Tuesday. FactSet Research Systems Inc. has a 1-year low of $385.27 and a 1-year high of $488.64. The company has a market capitalization of $15.49 billion, a PE ratio of 32.16, a P/E/G ratio of 2.68 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day moving average of $429.07 and a 200-day moving average of $451.55.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 15.8 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.02%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is 32.94%.

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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