DNB Asset Management AS Sells 5,880 Shares of FactSet Research Systems Inc. $FDS

DNB Asset Management AS decreased its holdings in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 85.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,015 shares of the business services provider’s stock after selling 5,880 shares during the quarter. DNB Asset Management AS’s holdings in FactSet Research Systems were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its stake in FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares during the period. Aurora Investment Managers LLC. raised its stake in FactSet Research Systems by 0.9% in 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 buying an additional 35 shares during the period. Covestor Ltd raised its stake in FactSet Research Systems by 53.4% in the third quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock valued at $33,000 after buying an additional 39 shares during the period. WPG Advisers LLC raised its stake in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in FactSet Research Systems by 3.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock valued at $361,000 after buying an additional 43 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group dropped their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Barclays dropped their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. Bank of America initiated coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $279.85.

View Our Latest Analysis on FactSet Research Systems

FactSet Research Systems Trading Up 0.6%

Shares of NYSE:FDS opened at $225.03 on Friday. The company has a market capitalization of $8.20 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.94 and a beta of 0.69. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $469.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day simple moving average is $218.24 and its 200 day simple moving average is $245.73.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The business had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.28 earnings per share. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

About FactSet Research Systems

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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