Shell Asset Management Co. Sells 93 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Shell Asset Management Co. lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,185 shares of the business services provider’s stock after selling 93 shares during the quarter. Shell Asset Management Co.’s holdings in FactSet Research Systems were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at about $29,000. Allworth Financial LP increased its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in FactSet Research Systems in the fourth quarter valued at about $102,000. Finally, Private Trust Co. NA increased its holdings in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 1.0%

NYSE:FDS opened at $474.21 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $17.99 billion, a PE ratio of 33.99, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The stock has a 50-day simple moving average of $434.78 and a 200 day simple moving average of $458.52.

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

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.29%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FDS shares. Morgan Stanley dropped their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets dropped their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, UBS Group dropped their price target on 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. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $436.90.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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.