Thrivent Financial for Lutherans Has $9.51 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Thrivent Financial for Lutherans cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 88.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,791 shares of the business services provider’s stock after selling 147,506 shares during the period. Thrivent Financial for Lutherans’ holdings in FactSet Research Systems were worth $9,505,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth about $35,000. Allworth Financial LP grew its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares during the last quarter. Continuum Advisory LLC grew its stake in FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after buying an additional 156 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the 4th quarter valued at about $102,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $433.01 on Friday. The company has a 50 day moving average of $455.49 and a 200-day moving average of $464.45. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market cap of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly 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 quarter in the prior year, the firm posted $4.22 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FDS. UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets decreased their price target on shares of 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. Stifel Nicolaus upped their price target on shares of 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 decreased their price target 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. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $441.00.

FactSet Research Systems 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.