Norden Group LLC Trims Position in FactSet Research Systems Inc. (NYSE:FDS)

Norden Group LLC decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,350 shares of the business services provider’s stock after selling 195 shares during the quarter. Norden Group LLC’s holdings in FactSet Research Systems were worth $1,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley boosted its position in shares of FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after purchasing an additional 212,204 shares in the last quarter. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the 4th quarter worth $45,288,000. JPMorgan Chase & Co. increased its holdings in shares of FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after purchasing an additional 66,986 shares during the period. Finally, Nordea Investment Management AB raised its position in FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after buying an additional 57,502 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.2 %

Shares of FDS stock traded down $4.89 during trading on Tuesday, hitting $418.05. 92,387 shares of the company were exchanged, compared to its average volume of 239,156. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 2.59 and a beta of 0.72. The business’s 50-day simple moving average is $449.84 and its 200 day simple moving average is $454.81.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is 31.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets raised their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Barclays reaffirmed an “equal weight” rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $442.70.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.