Securian Asset Management Inc. Has $1 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Securian Asset Management Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,088 shares of the business services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in FactSet Research Systems were worth $1,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FDS. Nations Financial Group Inc. IA ADV acquired a new stake in shares of FactSet Research Systems during the third quarter worth $275,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of FactSet Research Systems by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,082 shares of the business services provider’s stock worth $38,665,000 after purchasing an additional 270 shares during the period. Haverford Trust Co grew its stake in shares of FactSet Research Systems by 4.5% during the third quarter. Haverford Trust Co now owns 852 shares of the business services provider’s stock worth $392,000 after purchasing an additional 37 shares during the period. Huntington National Bank grew its stake in shares of FactSet Research Systems by 29.3% during the third quarter. Huntington National Bank now owns 291 shares of the business services provider’s stock worth $134,000 after purchasing an additional 66 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of FactSet Research Systems by 3.6% during the third quarter. Metis Global Partners LLC now owns 3,063 shares of the business services provider’s stock worth $1,409,000 after purchasing an additional 107 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company reduced their target price on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. BMO Capital Markets reduced their target price on 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. Morgan Stanley lifted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus lifted 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. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $449.38.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $436.64 on Friday. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The stock’s 50-day moving average is $457.83 and its 200-day moving average is $463.53. FactSet Research Systems Inc. has a one year low of $391.84 and a one 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.

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

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.95%. FactSet Research Systems’s payout ratio is presently 29.82%.

FactSet Research Systems 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.