Allspring Global Investments Holdings LLC Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Allspring Global Investments Holdings LLC decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,884 shares of the business services provider’s stock after selling 79 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FactSet Research Systems were worth $899,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FDS. IFP Advisors Inc increased its position in FactSet Research Systems by 71.4% during the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after purchasing an additional 35 shares in the last quarter. Larson Financial Group LLC increased its position in FactSet Research Systems by 820.0% during the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares in the last quarter. Global Retirement Partners LLC increased its position in FactSet Research Systems by 28.8% during the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after purchasing an additional 23 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $46,000. Finally, CVA Family Office LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $422.83 on Thursday. The business’s 50 day moving average is $452.19 and its two-hundred day moving average is $455.44. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.70 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

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 for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. Analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Insider Activity

In related 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 transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. BMO Capital Markets lifted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research began coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Barclays reissued an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.