JGP Wealth Management LLC Sells 11,828 Shares of FactSet Research Systems Inc. $FDS

JGP Wealth Management LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 79.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,136 shares of the business services provider’s stock after selling 11,828 shares during the period. JGP Wealth Management LLC’s holdings in FactSet Research Systems were worth $910,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after acquiring an additional 30 shares during the last quarter. Claret Asset Management Corp raised its position in FactSet Research Systems by 7.0% during the second quarter. Claret Asset Management Corp now owns 532 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 35 shares in the last quarter. Aurora Investment Managers LLC. raised its position in FactSet Research Systems by 0.9% during the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock valued at $1,140,000 after purchasing an additional 35 shares in the last quarter. MAI Capital Management lifted its stake in FactSet Research Systems by 4.4% during the second quarter. MAI Capital Management now owns 873 shares of the business services provider’s stock worth $390,000 after purchasing an additional 37 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of FactSet Research Systems by 3.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider’s stock worth $328,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, Director Malcolm Frank sold 2,572 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the sale, the director owned 879 shares of the company’s stock, valued at $259,920.30. This trade represents a 74.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurie Siegel sold 2,572 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the transaction, the director owned 1,037 shares in the company, valued at $307,211.25. The trade was a 71.27% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FDS shares. Jefferies Financial Group reissued a “hold” rating and set a $305.00 price objective on shares of FactSet Research Systems in a report on Friday, December 19th. Huber Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, December 19th. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $215.00 to $195.00 and set an “underweight” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada cut their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 18th. Finally, BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $285.69.

FactSet Research Systems Trading Down 0.4%

Shares of FDS stock opened at $208.38 on Tuesday. The business has a 50-day moving average of $229.62 and a 200 day moving average of $268.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The stock has a market capitalization of $7.73 billion, a PE ratio of 13.26, a P/E/G ratio of 2.14 and a beta of 0.75.

FactSet Research Systems announced that its board has initiated a stock buyback program on Thursday, December 18th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were issued a $1.10 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 27.99%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.