Klein Pavlis & Peasley Financial Inc. Sells 22 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Klein Pavlis & Peasley Financial Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,796 shares of the business services provider’s stock after selling 22 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in FactSet Research Systems were worth $863,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after buying an additional 1,436 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after acquiring an additional 1,260 shares in the last quarter. Nordea Investment Management AB increased its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after acquiring an additional 59,173 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in FactSet Research Systems in the fourth quarter worth $1,481,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDS. 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 downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group raised their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $453.46.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $468.60 on Thursday. The business has a 50 day moving average of $475.28 and a 200 day moving average of $455.71. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market cap of $17.82 billion, a PE ratio of 33.59, a P/E/G ratio of 2.98 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping 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 business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the business earned $4.12 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

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.