Corebridge Financial Inc. Sells 287 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Corebridge Financial Inc. reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,434 shares of the business services provider’s stock after selling 287 shares during the period. Corebridge Financial Inc.’s holdings in FactSet Research Systems were worth $4,531,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC increased its position in FactSet Research Systems by 164.0% in the 3rd quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock valued at $2,356,000 after buying an additional 3,183 shares in the last quarter. FMR LLC lifted its stake in shares of FactSet Research Systems by 14.0% in the third quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock valued at $35,614,000 after buying an additional 9,506 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of FactSet Research Systems by 2.6% during the third quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider’s stock valued at $19,208,000 after buying an additional 1,065 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FactSet Research Systems by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,241 shares of the business services provider’s stock worth $7,009,000 after acquiring an additional 303 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of FactSet Research Systems by 3.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,698 shares of the business services provider’s stock worth $3,080,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FDS shares. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. UBS Group lowered their price target on 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. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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 business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Down 0.0 %

FDS opened at $449.16 on Monday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company’s 50-day moving average price is $454.05 and its two-hundred day moving average price is $465.07. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 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 business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the business earned $4.22 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.59%.

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.