Perpetual Ltd Sells 53 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Perpetual Ltd reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 702 shares of the business services provider’s stock after selling 53 shares during the quarter. Perpetual Ltd’s holdings in FactSet Research Systems were worth $337,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC increased its position in shares of FactSet Research Systems by 5.3% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 1,960 shares of the business services provider’s stock valued at $941,000 after purchasing an additional 99 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of FactSet Research Systems by 14.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 891 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 115 shares during the last quarter. Strong Tower Advisory Services increased its position in shares of FactSet Research Systems by 4.9% during the 4th quarter. Strong Tower Advisory Services now owns 5,007 shares of the business services provider’s stock valued at $2,405,000 after purchasing an additional 233 shares during the last quarter. HB Wealth Management LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at about $252,000. Finally, Verity & Verity LLC lifted its holdings in FactSet Research Systems by 18.4% in the 4th quarter. Verity & Verity LLC now owns 1,003 shares of the business services provider’s stock worth $482,000 after buying an additional 156 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. BMO Capital Markets decreased their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. 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 Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $453.46.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.2 %

FactSet Research Systems stock opened at $463.99 on Friday. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.93 and a beta of 0.76. The stock has a fifty day simple moving average of $478.12 and a two-hundred day simple moving average of $452.74. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

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.