Keybank National Association OH Sells 58 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Keybank National Association OH lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,913 shares of the business services provider’s stock after selling 58 shares during the period. Keybank National Association OH’s holdings in FactSet Research Systems were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FDS. Everence Capital Management Inc. purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth $413,000. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,436 shares in the last quarter. Natixis Advisors LLC grew its position in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after buying an additional 1,260 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group upped their target price on 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 FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets dropped their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Stock Down 0.2 %

FDS stock opened at $440.67 on Friday. The company has a market capitalization of $16.76 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm’s fifty day simple moving average is $463.29 and its 200-day simple moving average is $462.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last posted 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. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.12 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

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.