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

Chevy Chase Trust Holdings LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,596 shares of the business services provider’s stock after selling 221 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of FactSet Research Systems worth $10,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of FactSet Research Systems by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock worth $1,409,000 after purchasing an additional 317 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 9.3% during the 1st quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock worth $971,000 after purchasing an additional 190 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of FactSet Research Systems by 7.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock worth $2,195,000 after purchasing an additional 332 shares during the period. Cibc World Market Inc. grew its holdings in shares of FactSet Research Systems by 4.2% during the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock worth $389,000 after purchasing an additional 36 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of FactSet Research Systems by 49.5% during the 1st quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock worth $463,000 after purchasing an additional 348 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on FDS. BMO Capital Markets raised their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Barclays restated an “equal weight” rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $444.11.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $6,147,798.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock opened at $433.17 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.68. The firm has a market capitalization of $16.51 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.67 and a beta of 0.72. The business’s 50-day moving average is $464.05 and its two-hundred day moving average is $456.39. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. Analysts anticipate that FactSet Research Systems Inc. will post 15.81 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

FactSet Research Systems 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.