Ninety One North America Inc. Sells 2,696 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Ninety One North America Inc. decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,043 shares of the business services provider’s stock after selling 2,696 shares during the quarter. FactSet Research Systems comprises approximately 1.9% of Ninety One North America Inc.’s investment portfolio, making the stock its 19th biggest holding. Ninety One North America Inc. owned about 0.17% of FactSet Research Systems worth $30,759,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems during the third quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the third quarter valued at $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the third quarter valued at $35,000. Exchange Traded Concepts LLC increased its holdings in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 128 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of FactSet Research Systems in the third quarter valued at $78,000. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on FDS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, Morgan Stanley boosted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $468.46 on Tuesday. The business has a 50 day moving average of $476.16 and a 200-day moving average of $455.32. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $17.82 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.98 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the firm posted $4.12 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

About FactSet Research Systems

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.