Gulf International Bank UK Ltd Sells 24 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Gulf International Bank UK Ltd trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 2,984 shares of the business services provider’s stock after selling 24 shares during the quarter. Gulf International Bank UK Ltd’s holdings in FactSet Research Systems were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of FactSet Research Systems by 21.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,989 shares of the business services provider’s stock valued at $915,000 after buying an additional 352 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $242,000. Diversify Wealth Management LLC acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $220,000. Financial Advocates Investment Management raised its position in shares of FactSet Research Systems by 6.3% during the third quarter. Financial Advocates Investment Management now owns 1,013 shares of the business services provider’s stock valued at $466,000 after buying an additional 60 shares during the last quarter. Finally, Focus Financial Network Inc. acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $208,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $461.93 on Friday. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.93 and a beta of 0.77. The company has a 50 day moving average of $466.78 and a 200-day moving average of $461.82. 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 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the prior year, the firm earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus increased 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. 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 for the company in a research report on Monday, December 23rd. 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 for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $453.23.

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.