Provident Investment Management Inc. Sells 41 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Provident Investment Management Inc. decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103 shares of the business services provider’s stock after selling 41 shares during the period. Provident Investment Management Inc.’s holdings in FactSet Research Systems were worth $530,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC lifted its stake in shares of FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock worth $755,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Private Trust Co. NA raised its stake in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after buying an additional 25 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. BMO Capital Markets cut their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. UBS Group dropped their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Finally, Stifel Nicolaus boosted their price target 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 analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $436.99 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a 50 day moving average of $452.90 and a 200 day moving average of $464.96. The firm has a market cap of $16.62 billion, a PE ratio of 31.33, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $4.22 EPS. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.59%.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.