FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 18.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,975 shares of the business services provider’s stock after selling 1,357 shares during the period. Cibc World Markets Corp’s holdings in FactSet Research Systems were worth $2,870,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDS. Raymond James Financial Inc. acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $69,128,000. Wealthfront Advisers LLC raised its stake in shares of FactSet Research Systems by 4,104.5% during the 4th quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock worth $36,712,000 after buying an additional 74,620 shares during the period. Nordea Investment Management AB raised its stake in shares of FactSet Research Systems by 21.0% during 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 period. Proficio Capital Partners LLC acquired a new position in FactSet Research Systems in the 4th quarter valued at $26,338,000. Finally, JPMorgan Chase & Co. raised its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after purchasing an additional 52,741 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 1.5 %

FDS opened at $431.75 on Friday. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The business’s 50 day moving average is $455.91 and its two-hundred day moving average is $464.12. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company reduced their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus increased their price objective 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. Morgan Stanley increased their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $449.38.

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.