Eukles Asset Management Cuts Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Eukles Asset Management lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,285 shares of the business services provider’s stock after selling 39 shares during the period. FactSet Research Systems makes up about 1.9% of Eukles Asset Management’s investment portfolio, making the stock its 14th biggest position. Eukles Asset Management’s holdings in FactSet Research Systems were worth $3,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings 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 during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $45,288,000. Norges Bank acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $34,175,000. Finally, Geode Capital Management LLC boosted its holdings in shares of FactSet Research Systems by 9.3% during the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock worth $380,034,000 after purchasing an additional 77,980 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group increased their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Stock Up 1.2 %

Shares of FactSet Research Systems stock traded up $5.19 during trading hours on Friday, hitting $434.65. 128,500 shares of the company’s stock traded hands, compared to its average volume of 237,591. The stock has a 50 day simple moving average of $455.36 and a 200-day simple moving average of $455.79. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The company has a market cap of $16.57 billion, a PE ratio of 34.00, a PEG ratio of 2.64 and a beta of 0.72. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64.

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

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s payout ratio is currently 31.04%.

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.