Bellevue Group AG cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 19.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050 shares of the business services provider’s stock after selling 250 shares during the quarter. Bellevue Group AG’s holdings in FactSet Research Systems were worth $324,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in FactSet Research Systems by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,668,891 shares of the business services provider’s stock worth $1,552,406,000 after buying an additional 101,926 shares in the last quarter. Ninety One UK Ltd lifted its holdings in FactSet Research Systems by 6.1% during the 1st quarter. Ninety One UK Ltd now owns 938,266 shares of the business services provider’s stock worth $289,540,000 after buying an additional 53,545 shares in the last quarter. Fiera Capital Corp lifted its holdings in FactSet Research Systems by 1.0% during the 4th quarter. Fiera Capital Corp now owns 529,877 shares of the business services provider’s stock worth $176,183,000 after buying an additional 5,259 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in FactSet Research Systems by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 237,618 shares of the business services provider’s stock worth $79,002,000 after buying an additional 10,911 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in FactSet Research Systems by 177.0% during the 1st quarter. Boston Trust Walden Corp now owns 224,884 shares of the business services provider’s stock worth $69,397,000 after buying an additional 143,703 shares in the last quarter. Institutional investors own 87.89% of the company’s stock.
A number of brokerages have commented on FDS. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $278.00 to $261.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 31st. The Goldman Sachs Group increased their price objective on shares of FactSet Research Systems from $263.00 to $276.00 and gave the company a “sell” rating in a research report on Wednesday, March 31st. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $291.30.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Monday, March 29th. The business services provider reported $2.72 EPS for the quarter, missing the Zacks’ consensus estimate of $2.74 by ($0.02). The company had revenue of $391.80 million during the quarter, compared to analysts’ expectations of $391.90 million. FactSet Research Systems had a net margin of 25.24% and a return on equity of 48.42%. During the same period last year, the business earned $2.55 earnings per share. As a group, equities analysts expect that FactSet Research Systems Inc. will post 11.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Monday, May 31st will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, May 27th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.17%.
In related news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $334.90, for a total value of $837,250.00. Following the transaction, the chief executive officer now directly owns 6,397 shares of the company’s stock, valued at approximately $2,142,355.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.74% of the company’s stock.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.
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