Amalgamated Bank Has $3.81 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Amalgamated Bank cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,936 shares of the business services provider’s stock after selling 180 shares during the quarter. Amalgamated Bank’s holdings in FactSet Research Systems were worth $3,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Everence Capital Management Inc. acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $413,000. Geode Capital Management LLC increased its stake in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 1,436 shares during the period. Natixis Advisors LLC boosted its position in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after buying an additional 59,173 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FDS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Morgan Stanley lifted 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 analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Stock Up 1.6 %

FactSet Research Systems stock opened at $461.93 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $466.78 and its 200 day simple moving average is $461.40. The stock has a market cap of $17.57 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.93 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 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.12 EPS. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) 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.