Huntington National Bank Acquires 443 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Huntington National Bank increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 152.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734 shares of the business services provider’s stock after acquiring an additional 443 shares during the quarter. Huntington National Bank’s holdings in FactSet Research Systems were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $69,128,000. Geode Capital Management LLC increased its position in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after buying an additional 94,668 shares in the last quarter. Wealthfront Advisers LLC raised its stake in FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after buying an additional 74,620 shares during the last quarter. Nordea Investment Management AB boosted its holdings in FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after acquiring an additional 59,173 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth $26,338,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FDS shares. UBS Group dropped their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets decreased their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $436.27.

FactSet Research Systems Price Performance

NYSE FDS opened at $415.36 on Friday. The company has a 50-day moving average price of $451.88 and a 200-day moving average price of $464.70. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. 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 firm has a market capitalization of $15.80 billion, a P/E ratio of 29.77, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.22 earnings per share. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 1.00%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.59%.

FactSet Research Systems 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.