J. Safra Sarasin Holding AG Has $1.09 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

J. Safra Sarasin Holding AG lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,275 shares of the business services provider’s stock after selling 287 shares during the period. J. Safra Sarasin Holding AG’s holdings in FactSet Research Systems were worth $1,093,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after acquiring an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after purchasing an additional 16,522 shares during the period. JPMorgan Chase & Co. lifted its position in FactSet Research Systems by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after purchasing an additional 7,718 shares during the period. Invesco Ltd. increased its holdings in FactSet Research Systems by 17.2% in the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after buying an additional 66,861 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of FactSet Research Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider’s stock valued at $183,675,000 after buying an additional 9,048 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $436.90.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $424.67 on Wednesday. The business has a fifty day moving average of $439.19 and a 200-day moving average of $460.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The firm has a market cap of $16.11 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82.

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

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is 29.59%.

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.