FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by abrdn plc

abrdn plc cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,076 shares of the business services provider’s stock after selling 3,581 shares during the period. abrdn plc owned 0.20% of FactSet Research Systems worth $36,207,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. State Street Corp increased its position in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after purchasing an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 0.4 %

FDS stock opened at $468.60 on Thursday. The company’s 50-day simple moving average is $475.28 and its 200-day simple moving average is $455.71. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The firm has a market cap of $17.82 billion, a P/E ratio of 33.59, a PEG ratio of 2.98 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the company posted $4.12 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.