Hartford Investment Management Co. Has $1.13 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Hartford Investment Management Co. cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,343 shares of the business services provider’s stock after selling 46 shares during the period. Hartford Investment Management Co.’s holdings in FactSet Research Systems were worth $1,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FDS. International Assets Investment Management LLC acquired a new position in FactSet Research Systems during the third quarter worth $38,909,000. Nordea Investment Management AB grew its holdings in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. State Street Corp lifted its holdings in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after buying an additional 25,294 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.7 %

Shares of NYSE:FDS opened at $456.24 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77. The company has a 50 day moving average of $471.71 and a 200-day moving average of $457.64. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.12 EPS. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $453.23.

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.