Allspring Global Investments Holdings LLC Sells 79 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Allspring Global Investments Holdings LLC reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 4.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,884 shares of the business services provider’s stock after selling 79 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FactSet Research Systems were worth $899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in FactSet Research Systems during the fourth quarter worth about $45,288,000. Bleakley Financial Group LLC lifted its holdings in shares of FactSet Research Systems by 6.6% in the fourth quarter. Bleakley Financial Group LLC now owns 714 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 44 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of FactSet Research Systems by 4.7% in the fourth quarter. Meeder Advisory Services Inc. now owns 850 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 38 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of FactSet Research Systems by 0.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 10,418 shares of the business services provider’s stock valued at $4,953,000 after acquiring an additional 37 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of FactSet Research Systems by 7.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,277 shares of the business services provider’s stock valued at $1,086,000 after acquiring an additional 159 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Up 0.7 %

Shares of FDS stock opened at $422.83 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16.12 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.72. The stock has a 50 day simple moving average of $452.19 and a 200 day simple moving average of $455.44. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Stifel Nicolaus reissued a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research started coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Barclays restated an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Company 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.