FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 35.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,144 shares of the business services provider’s stock after selling 6,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in FactSet Research Systems were worth $5,316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FDS. American Century Companies Inc. grew its position in shares of FactSet Research Systems by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock valued at $1,409,000 after acquiring an additional 317 shares during the period. Panagora Asset Management Inc. grew its position in shares of FactSet Research Systems by 9.3% during the 1st quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock valued at $971,000 after acquiring an additional 190 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in FactSet Research Systems by 7.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock worth $2,195,000 after buying an additional 332 shares during the last quarter. Cibc World Market Inc. boosted its holdings in FactSet Research Systems by 4.2% in the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock worth $389,000 after buying an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in FactSet Research Systems by 49.5% in the 1st quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock worth $463,000 after buying an additional 348 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 1.1 %

FDS stock opened at $434.02 on Friday. The firm has a market cap of $16.54 billion, a PE ratio of 34.36, a PEG ratio of 2.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The firm’s 50 day moving average price is $454.49 and its 200-day moving average price is $455.92. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64.

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

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s payout ratio is presently 31.04%.

Insider Activity

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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. BMO Capital Markets lifted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, Barclays reiterated an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a 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 company’s stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems 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.