FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,118 shares of the business services provider’s stock after selling 3,282 shares during the period. Prudential Financial Inc.’s holdings in FactSet Research Systems were worth $9,662,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FDS. Cerity Partners LLC raised its position in FactSet Research Systems by 164.0% during the 3rd quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock worth $2,356,000 after buying an additional 3,183 shares during the last quarter. FMR LLC raised its holdings in shares of FactSet Research Systems by 14.0% during the third quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after purchasing an additional 9,506 shares during the last quarter. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the third quarter valued at $35,000. BNP Paribas Financial Markets boosted its holdings in FactSet Research Systems by 2.6% in the third quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider’s stock valued at $19,208,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in FactSet Research Systems by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,241 shares of the business services provider’s stock worth $7,009,000 after purchasing an additional 303 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Down 0.0 %

Shares of FactSet Research Systems stock opened at $449.16 on Friday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The firm’s 50-day moving average price is $454.05 and its 200 day moving average price is $464.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.08 billion, a PE ratio of 32.20, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the previous year, the company posted $4.22 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. UBS Group lowered their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $436.27.

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.