FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Commerce Bank

Commerce Bank decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,102 shares of the business services provider’s stock after selling 603 shares during the period. Commerce Bank’s holdings in FactSet Research Systems were worth $5,332,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mount Yale Investment Advisors LLC boosted its stake in FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock worth $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP increased its position 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 acquiring an additional 22 shares during the period. Private Trust Co. NA raised its stake in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 22 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in FactSet Research Systems by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock worth $583,000 after acquiring an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC increased its holdings in shares of FactSet Research Systems by 1.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 25 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FDS shares. BMO Capital Markets lowered their price objective on shares of 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 downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Finally, UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $436.90.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock opened at $426.86 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 stock’s 50 day moving average price is $440.70 and its 200 day moving average price is $461.53. The firm has a market cap of $16.20 billion, a P/E ratio of 30.60, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter last year, the business posted $4.22 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.97%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.59%.

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.