FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,311 shares of the business services provider’s stock after selling 528 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in FactSet Research Systems were worth $9,755,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FDS. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the third quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems in the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems in the third quarter worth about $35,000. Exchange Traded Concepts LLC raised its position in 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 worth $69,000 after acquiring an additional 128 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in FactSet Research Systems in the third quarter worth about $78,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDS. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company dropped their price target on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a 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 note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Price Performance

NYSE FDS opened at $456.24 on Monday. The company has a 50 day simple moving average of $471.71 and a 200-day simple moving average of $458.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (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 net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.12 earnings per share. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

FactSet Research Systems Company 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.