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

abrdn plc lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,076 shares of the business services provider’s stock after selling 3,581 shares during the period. abrdn plc’s holdings in FactSet Research Systems were worth $36,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the last quarter. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after acquiring an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after acquiring an additional 4,113 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in 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 acquiring an additional 59,173 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group increased 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. Morgan Stanley increased 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. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $453.46.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on 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 sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $468.60 on Thursday. 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 stock has a market capitalization of $17.82 billion, a P/E ratio of 33.59, a PEG ratio of 2.98 and a beta of 0.77. The company has a 50 day moving average price of $475.28 and a 200 day moving average price of $455.71. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly 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 business had revenue of $568.70 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $4.12 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is 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.