Neuberger Berman Group LLC Sells 53,601 Shares of FactSet (FDS)

Neuberger Berman Group LLC reduced its holdings in shares of FactSet (NYSE:FDS) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 535,138 shares of the business services provider’s stock after selling 53,601 shares during the period. Neuberger Berman Group LLC owned about 1.37% of FactSet worth $106,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stevens Capital Management LP purchased a new stake in FactSet during the 1st quarter worth approximately $3,745,000. Thrivent Financial for Lutherans increased its stake in FactSet by 3.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 8,920 shares of the business services provider’s stock worth $1,779,000 after buying an additional 307 shares during the period. Aperio Group LLC increased its stake in FactSet by 2.4% during the 1st quarter. Aperio Group LLC now owns 11,762 shares of the business services provider’s stock worth $2,346,000 after buying an additional 280 shares during the period. Schwab Charles Investment Management Inc. increased its stake in FactSet by 4.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 175,556 shares of the business services provider’s stock worth $35,010,000 after buying an additional 7,555 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in FactSet by 3.3% during the 1st quarter. Great Lakes Advisors LLC now owns 8,830 shares of the business services provider’s stock worth $1,761,000 after buying an additional 283 shares during the period. 95.34% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Scott A. Billeadeau sold 1,500 shares of the stock in a transaction on Friday, April 13th. The shares were sold at an average price of $197.55, for a total transaction of $296,325.00. Following the completion of the sale, the director now owns 500 shares in the company, valued at approximately $98,775. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 5,675 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the sale, the chief financial officer now owns 9,129 shares of the company’s stock, valued at approximately $1,807,542. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on FDS shares. Zacks Investment Research downgraded shares of FactSet from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. Stifel Nicolaus increased their price objective on shares of FactSet from $169.00 to $184.00 and gave the company a “hold” rating in a research report on Wednesday, March 28th. UBS increased their price objective on shares of FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research report on Wednesday, March 28th. Bank of America increased their price objective on shares of FactSet from $210.00 to $214.00 and gave the company a “neutral” rating in a research report on Wednesday, April 18th. Finally, DA Davidson increased their price objective on shares of FactSet to $185.00 and gave the company a “neutral” rating in a research report on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $196.15.

Shares of FactSet stock opened at $197.90 on Friday. FactSet has a 12-month low of $195.90 and a 12-month high of $196.78. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7.71 billion, a PE ratio of 24.99, a P/E/G ratio of 2.07 and a beta of 0.96.

FactSet (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.06. FactSet had a net margin of 19.07% and a return on equity of 54.00%. The business had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. During the same quarter in the prior year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. research analysts expect that FactSet will post 8.48 earnings per share for the current year.

FactSet announced that its board has approved a stock buyback program on Tuesday, March 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Thursday, May 31st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.56 dividend on an annualized basis and a yield of 1.29%. This is a boost from FactSet’s previous quarterly dividend of $0.56. FactSet’s dividend payout ratio is currently 30.64%.

About FactSet

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet (NYSE:FDS)

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