Intech Investment Management LLC Has $867,000 Stock Holdings in FactSet Research Systems Inc. $FDS

Intech Investment Management LLC trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 80.5% during the fourth quarter, HoldingsChannel reports. The fund owned 2,986 shares of the business services provider’s stock after selling 12,332 shares during the quarter. Intech Investment Management LLC’s holdings in FactSet Research Systems were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its holdings in FactSet Research Systems by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after acquiring an additional 30 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in FactSet Research Systems by 0.9% during the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after acquiring an additional 35 shares during the last quarter. WPG Advisers LLC grew its holdings in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in FactSet Research Systems by 3.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock worth $361,000 after acquiring an additional 43 shares during the last quarter. Finally, Promus Capital LLC grew its holdings in FactSet Research Systems by 2.4% during the 3rd quarter. Promus Capital LLC now owns 1,947 shares of the business services provider’s stock worth $558,000 after acquiring an additional 45 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Down 0.1%

Shares of NYSE FDS opened at $255.24 on Monday. The firm has a market cap of $9.30 billion, a PE ratio of 16.41, a P/E/G ratio of 2.22 and a beta of 0.71. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $453.41. The company’s fifty day simple moving average is $227.25 and its 200 day simple moving average is $244.09. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the prior year, the company posted $4.28 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be issued a $1.16 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is currently 29.84%.

Analysts Set New Price Targets

A number of research firms have weighed in on FDS. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. UBS Group reduced their price objective on shares of 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. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada reduced their price objective on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of 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 given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $279.62.

About FactSet Research Systems

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.