Intech Investment Management LLC Sells 4,364 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Intech Investment Management LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 35.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,787 shares of the business services provider’s stock after selling 4,364 shares during the quarter. Intech Investment Management LLC’s holdings in FactSet Research Systems were worth $3,740,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in FactSet Research Systems during the third quarter worth $35,000. Allworth Financial LP grew its holdings in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares in the last quarter. Continuum Advisory LLC grew its holdings in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after buying an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in FactSet Research Systems during the fourth quarter worth $102,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $438.70 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.93 and a beta of 0.77. The business’s fifty day moving average is $456.45 and its 200 day moving average is $464.35.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the previous year, the company posted $4.12 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. FactSet Research Systems’s payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $449.38.

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.