FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,896 shares of the business services provider’s stock after selling 1,108 shares during the quarter. National Bank of Canada FI’s holdings in FactSet Research Systems were worth $10,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth about $1,174,000. Advisors Preferred LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth approximately $2,024,000. abrdn plc increased its stake in FactSet Research Systems by 17.4% during the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after purchasing an additional 10,230 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $8,833,000. Finally, Nordea Investment Management AB lifted its stake in shares of FactSet Research Systems by 45.1% during the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after buying an additional 57,502 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Goran Skoko sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the transaction, the executive vice president now owns 5,262 shares in the company, valued at $2,255,135.34. The disclosure for this sale can be found here. Insiders have sold 14,772 shares of company stock valued at $6,371,121 in the last ninety days. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Down 0.4 %

FactSet Research Systems stock opened at $433.90 on Thursday. The stock’s fifty day moving average is $445.32 and its two-hundred day moving average is $453.99. The stock has a market cap of $16.54 billion, a PE ratio of 34.35, a P/E/G ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79.

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. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a $1.04 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FDS. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets boosted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three 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 a consensus rating of “Hold” and a consensus target price of $442.70.

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.