FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Commerce Bank

Commerce Bank reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,102 shares of the business services provider’s stock after selling 603 shares during the period. Commerce Bank’s holdings in FactSet Research Systems were worth $5,332,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FDS. Mount Yale Investment Advisors LLC lifted its position in FactSet Research Systems by 1.4% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares in the last quarter. Private Trust Co. NA boosted its position in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the period. Avantax Advisory Services Inc. increased its holdings in FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC raised its position in FactSet Research Systems by 1.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FDS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley dropped their price objective 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. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Finally, Wells Fargo & Company cut 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 research report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $436.90.

FactSet Research Systems Trading Down 0.1 %

Shares of NYSE FDS opened at $426.86 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $440.70 and its two-hundred day moving average price is $461.53. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The stock has a market capitalization of $16.20 billion, a P/E ratio of 30.60, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the company posted $4.22 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. FactSet Research Systems’s payout ratio is currently 29.59%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’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 transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.