Hurlow Wealth Management Group Inc. Reduces Position in FactSet Research Systems Inc. (NYSE:FDS)

Hurlow Wealth Management Group Inc. decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 988 shares of the business services provider’s stock after selling 31 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in FactSet Research Systems were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FDS. State Street Corp grew its stake in shares of FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after acquiring an additional 42,303 shares during the period. Geode Capital Management LLC grew its position in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after purchasing an additional 16,522 shares during the period. JPMorgan Chase & Co. raised its stake in FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock valued at $240,653,000 after buying an additional 7,718 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider’s stock valued at $183,675,000 after buying an additional 9,048 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 3.3 %

Shares of FDS stock opened at $436.99 on Friday. 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 fifty day simple moving average of $452.90 and a two-hundred day simple moving average of $464.96. The firm has a market capitalization of $16.62 billion, a PE ratio of 31.33, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the company earned $4.22 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. FactSet Research Systems’s dividend payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FDS shares. BMO Capital Markets cut their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group cut their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $436.27.

Insider Activity 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 transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.