Wells Fargo & Company MN cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,064,005 shares of the business services provider’s stock after selling 25,253 shares during the quarter. Wells Fargo & Company MN owned approximately 5.29% of FactSet Research Systems worth $397,857,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Gotham Asset Management LLC lifted its holdings in FactSet Research Systems by 6.8% in the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 82 shares during the period. Institutional & Family Asset Management LLC raised its stake in shares of FactSet Research Systems by 1.5% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock worth $3,246,000 after buying an additional 259 shares during the period. Alps Advisors Inc. raised its stake in shares of FactSet Research Systems by 9.2% during the 3rd quarter. Alps Advisors Inc. now owns 3,340 shares of the business services provider’s stock worth $602,000 after buying an additional 281 shares during the period. Advisor Group Inc. raised its stake in shares of FactSet Research Systems by 5.4% during the 3rd quarter. Advisor Group Inc. now owns 5,913 shares of the business services provider’s stock worth $1,065,000 after buying an additional 301 shares during the period. Finally, NewFocus Financial Group LLC raised its stake in shares of FactSet Research Systems by 2.4% during the 3rd quarter. NewFocus Financial Group LLC now owns 13,435 shares of the business services provider’s stock worth $2,420,000 after buying an additional 315 shares during the period. 93.07% of the stock is owned by institutional investors.
Shares of FactSet Research Systems Inc. (FDS) opened at $200.51 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.64 and a current ratio of 2.64. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $209.02. The company has a market capitalization of $7,632.68, a P/E ratio of 30.24, a P/E/G ratio of 2.13 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 27th. FactSet Research Systems’s payout ratio is 33.79%.
Several research analysts have recently weighed in on FDS shares. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. DA Davidson started coverage on FactSet Research Systems in a research note on Thursday, December 14th. They set a “neutral” rating and a $174.00 target price for the company. Oppenheimer reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Morgan Stanley upped their target price on FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $199.00 target price on shares of FactSet Research Systems in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. FactSet Research Systems has an average rating of “Hold” and a consensus price target of $184.62.
In related news, Director James J. Mcgonigle sold 1,186 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $193.92, for a total transaction of $229,989.12. Following the completion of the sale, the director now directly owns 22,754 shares in the company, valued at $4,412,455.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $192.70, for a total value of $269,780.00. The disclosure for this sale can be found here. Insiders have sold 55,406 shares of company stock valued at $10,957,561 over the last quarter. 2.70% of the stock is owned by company insiders.
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FactSet Research Systems Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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