FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Norden Group LLC

Norden Group LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350 shares of the business services provider’s stock after selling 195 shares during the quarter. Norden Group LLC’s holdings in FactSet Research Systems were worth $1,121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $30,000. IFP Advisors Inc raised its position in FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 35 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of FactSet Research Systems by 820.0% during the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after acquiring an additional 82 shares during the period. Desjardins Global Asset Management Inc. increased its holdings in shares of FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 34 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new stake in FactSet Research Systems during the third quarter worth $46,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

FDS traded down $4.89 during trading hours on Tuesday, hitting $418.05. The stock had a trading volume of 92,387 shares, compared to its average volume of 239,156. The stock has a market cap of $15.94 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $449.84 and its 200 day simple moving average is $454.81. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities analysts anticipate that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Wall Street Analyst Weigh In

Several research firms have commented on FDS. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. The Goldman Sachs Group raised their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, BMO Capital Markets increased their price target 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. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $442.70.

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.