Loomis Sayles & Co. L P Sells 50,979 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Loomis Sayles & Co. L P reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,502,324 shares of the business services provider’s stock after selling 50,979 shares during the quarter. FactSet Research Systems accounts for 78.0% of Loomis Sayles & Co. L P’s holdings, making the stock its 24th biggest holding. Loomis Sayles & Co. L P’s holdings in FactSet Research Systems were worth $721,536,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UniSuper Management Pty Ltd boosted its holdings in shares of FactSet Research Systems by 10.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 4,756 shares of the business services provider’s stock valued at $2,284,000 after acquiring an additional 436 shares during the last quarter. Moment Partners LLC bought a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $296,000. JPMorgan Chase & Co. boosted its position in shares of 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after buying an additional 16,522 shares during the period. Finally, Korea Investment CORP boosted its stake in shares of FactSet Research Systems by 35.2% in the fourth quarter. Korea Investment CORP now owns 14,226 shares of the business services provider’s stock worth $6,832,000 after acquiring an additional 3,700 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 0.3 %

Shares of FactSet Research Systems stock opened at $440.90 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. The firm’s 50-day moving average is $454.52 and its two-hundred day moving average is $464.67. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

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

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.59%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FDS shares. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price 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 issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $436.27.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business’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 completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.