Danske Bank A S Has $215,000 Stock Position in FactSet Research Systems Inc. $FDS

Danske Bank A S reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 96.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 740 shares of the business services provider’s stock after selling 21,120 shares during the quarter. Danske Bank A S’s holdings in FactSet Research Systems were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in shares of FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares in the last quarter. Aurora Investment Managers LLC. raised its position in FactSet Research Systems by 0.9% during the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock valued at $1,140,000 after acquiring an additional 35 shares in the last quarter. Covestor Ltd raised its position in FactSet Research Systems by 53.4% during the third quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 39 shares in the last quarter. WPG Advisers LLC lifted its stake in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its position in FactSet Research Systems by 3.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock worth $361,000 after acquiring an additional 43 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group dropped their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Barclays lowered their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada reduced their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. Finally, Bank of America initiated coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Reduce” and a consensus target price of $279.85.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $211.67 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $7.71 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.69. The firm has a fifty day moving average price of $218.27 and a two-hundred day moving average price of $250.82. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $474.79.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the prior year, the business earned $4.28 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio is 28.30%.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.