Ninety One North America Inc. lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 6.2% during the third quarter, Holdings Channel reports. The firm owned 79,523 shares of the business services provider’s stock after selling 5,247 shares during the quarter. Ninety One North America Inc.’s holdings in FactSet Research Systems were worth $21,467,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in FactSet Research Systems by 31.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock worth $42,000 after buying an additional 43 shares during the period. State of Wyoming purchased a new position in shares of FactSet Research Systems during the first quarter valued at approximately $51,000. CX Institutional increased its stake in shares of FactSet Research Systems by 75.7% during the second quarter. CX Institutional now owns 239 shares of the business services provider’s stock valued at $55,000 after buying an additional 103 shares during the period. Danske Bank A S purchased a new position in shares of FactSet Research Systems during the second quarter valued at approximately $64,000. Finally, GK Wealth Management LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
FactSet Research Systems Stock Up 4.7%
FDS traded up $13.74 on Thursday, hitting $303.48. The company had a trading volume of 308,707 shares, compared to its average volume of 931,931. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.68. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $320.48. The stock has a fifty day simple moving average of $285.24 and a 200-day simple moving average of $253.97. The firm has a market capitalization of $10.79 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.63 and a beta of 0.77.
FactSet Research Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.87%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on FDS shares. Deutsche Bank Aktiengesellschaft raised their price target on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $210.00 to $250.00 and gave the company an “underweight” rating in a research report on Thursday, October 1st. William Blair raised shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group lowered shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group upped their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $271.79.
Read Our Latest Report on FactSet Research Systems
About FactSet Research Systems
FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.
The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.
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