Intech Investment Management LLC Has $867,000 Position in FactSet Research Systems Inc. $FDS

Intech Investment Management LLC lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 80.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,986 shares of the business services provider’s stock after selling 12,332 shares during the period. Intech Investment Management LLC’s holdings in FactSet Research Systems were worth $867,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FDS. Cromwell Holdings LLC acquired a new position in FactSet Research Systems in the fourth quarter worth about $26,000. WPG Advisers LLC raised its position in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank acquired a new position in FactSet Research Systems in the fourth quarter worth about $29,000. BOKF NA raised its position in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Finally, Navalign LLC acquired a new position in FactSet Research Systems in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $255.24 on Monday. The firm has a 50-day moving average of $227.25 and a 200-day moving average of $244.09. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41. The company has a market cap of $9.30 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping the consensus estimate of $4.37 by $0.09. The business had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. FactSet Research Systems’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.28 EPS. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.8%. FactSet Research Systems’s payout ratio is currently 29.84%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FDS shares. Barclays decreased their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Bank of America started coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada decreased their price objective on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.