FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Cut by Saybrook Capital NC

Saybrook Capital NC trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,850 shares of the business services provider’s stock after selling 330 shares during the period. FactSet Research Systems comprises approximately 5.9% of Saybrook Capital NC’s investment portfolio, making the stock its 5th largest holding. Saybrook Capital NC’s holdings in FactSet Research Systems were worth $21,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Morgan Stanley raised its stake in FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after buying an additional 212,204 shares during the period. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $45,288,000. Norges Bank bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $34,175,000. Finally, Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 9.3% during the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock valued at $380,034,000 after buying an additional 77,980 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on FDS shares. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. BMO Capital Markets boosted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. The Goldman Sachs Group upped their target price 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. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note 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. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Trading Up 0.2 %

Shares of FactSet Research Systems stock traded up $0.89 during midday trading on Tuesday, reaching $424.98. 29,404 shares of the company’s stock traded hands, compared to its average volume of 236,566. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $16.20 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The stock has a 50 day moving average of $458.25 and a 200-day moving average of $456.24. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, equities analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.92%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

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.