FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,490 shares of the business services provider’s stock after selling 5,020 shares during the quarter. Nuveen Asset Management LLC owned about 0.33% of FactSet Research Systems worth $60,270,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FDS. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at about $29,000. Allworth Financial LP boosted its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in FactSet Research Systems in the fourth quarter valued at about $102,000. Finally, Private Trust Co. NA boosted its holdings in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FDS shares. UBS Group reduced their price target 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. Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, BMO Capital Markets reduced their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $436.90.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $474.21 on Monday. The firm has a market cap of $17.99 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.93 and a beta of 0.88. The stock has a 50 day moving average of $434.78 and a 200-day moving average of $458.55. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87.

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

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a $1.10 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.29%.

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.