FourThought Financial Partners LLC Sells 38 Shares of FactSet Research Systems Inc. (NYSE:FDS)

FourThought Financial Partners LLC decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,312 shares of the business services provider’s stock after selling 38 shares during the quarter. FourThought Financial Partners LLC’s holdings in FactSet Research Systems were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after purchasing an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 671.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after buying an additional 212,204 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth about $45,288,000. JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after acquiring an additional 66,986 shares during the period. Finally, Nordea Investment Management AB grew its stake in FactSet Research Systems by 45.1% during the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock valued at $81,723,000 after acquiring an additional 57,502 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several research firms have issued reports on FDS. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price on the stock. BMO Capital Markets lifted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Price Performance

NYSE:FDS traded up $4.89 during mid-day trading on Friday, reaching $428.25. The stock had a trading volume of 197,396 shares, compared to its average volume of 254,506. The stock has a market capitalization of $16.32 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73. The firm has a 50 day moving average price of $446.95 and a two-hundred day moving average price of $454.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64.

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

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.97%. This is a positive change 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 presently 31.04%.

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.