Congress Asset Management Co. Trims Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Congress Asset Management Co. decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,798 shares of the business services provider’s stock after selling 17,495 shares during the period. Congress Asset Management Co. owned 0.61% of FactSet Research Systems worth $110,848,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares during the period. Vontobel Holding Ltd. boosted its position in shares of FactSet Research Systems by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 1,323 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 125 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of FactSet Research Systems by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,820 shares of the business services provider’s stock valued at $1,757,000 after acquiring an additional 69 shares during the period. Blue Trust Inc. boosted its position in shares of FactSet Research Systems by 64.0% in the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 89 shares during the period. Finally, Raymond James & Associates boosted its position in shares of FactSet Research Systems by 4.8% in the third quarter. Raymond James & Associates now owns 116,556 shares of the business services provider’s stock valued at $53,598,000 after acquiring an additional 5,381 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.7 %

NYSE:FDS opened at $456.24 on Friday. The firm’s 50-day moving average price is $471.71 and its 200-day moving average price is $457.92. The company has a market capitalization of $17.35 billion, a PE ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

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

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FDS shares. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets dropped their target price on shares of 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. Finally, UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average target price of $453.23.

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.