Somerville Kurt F lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 42.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,060 shares of the business services provider’s stock after selling 2,260 shares during the quarter. Somerville Kurt F’s holdings in FactSet Research Systems were worth $590,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Gotham Asset Management LLC boosted its position in shares of FactSet Research Systems by 6.8% during the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after buying an additional 82 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of FactSet Research Systems by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 16,208 shares of the business services provider’s stock valued at $2,693,000 after buying an additional 145 shares during the period. Institutional & Family Asset Management LLC boosted its position in shares of FactSet Research Systems by 1.5% during the third quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock valued at $3,246,000 after buying an additional 259 shares during the period. Alps Advisors Inc. boosted its position in shares of FactSet Research Systems by 9.2% during the third quarter. Alps Advisors Inc. now owns 3,340 shares of the business services provider’s stock valued at $602,000 after buying an additional 281 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of FactSet Research Systems by 5.4% during the third quarter. Advisor Group Inc. now owns 5,913 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 93.98% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at $199.33 on Monday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7,778.63, a P/E ratio of 30.06, a P/E/G ratio of 2.17 and a beta of 0.96. FactSet Research Systems Inc. has a twelve month low of $155.09 and a twelve month high of $209.02.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.06. The company had revenue of $329.10 million during the quarter, compared to analyst estimates of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. FactSet Research Systems’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. research analysts expect that FactSet Research Systems Inc. will post 8.37 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Morgan Stanley boosted their target price on FactSet Research Systems from $179.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Piper Jaffray Companies reiterated a “hold” rating and issued a $199.00 price target on shares of FactSet Research Systems in a report on Thursday, December 21st. Wells Fargo & Co set a $185.00 price target on FactSet Research Systems and gave the company a “hold” rating in a report on Wednesday, December 20th. Oppenheimer reiterated a “hold” rating on shares of FactSet Research Systems in a report on Tuesday, December 19th. Finally, DA Davidson assumed coverage on FactSet Research Systems in a report on Thursday, December 14th. They issued a “neutral” rating and a $174.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $184.62.

In other FactSet Research Systems news, COO Mark J. Hale sold 48,001 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the sale, the chief operating officer now owns 6,268 shares in the company, valued at $1,243,759.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $192.70, for a total value of $269,780.00. Following the sale, the vice president now owns 3,248 shares of the company’s stock, valued at approximately $625,889.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,406 shares of company stock valued at $10,957,561. 2.80% of the stock is owned by company insiders.

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FactSet Research Systems Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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