CIBC Asset Management Inc Has $2.42 Million Stock Position in FactSet Research Systems Inc. $FDS

CIBC Asset Management Inc reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 49.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,346 shares of the business services provider’s stock after selling 8,022 shares during the period. CIBC Asset Management Inc’s holdings in FactSet Research Systems were worth $2,422,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in FactSet Research Systems by 22.2% during the fourth quarter. Bank of New York Mellon Corp now owns 318,219 shares of the business services provider’s stock worth $92,344,000 after purchasing an additional 57,905 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of FactSet Research Systems by 69.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 455,371 shares of the business services provider’s stock valued at $132,144,000 after acquiring an additional 186,665 shares during the last quarter. Winthrop Capital Management LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $303,000. Rothschild Wealth LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $231,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in FactSet Research Systems by 21.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 126,411 shares of the business services provider’s stock valued at $36,683,000 after purchasing an additional 22,191 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 0.1%

NYSE FDS opened at $255.24 on Monday. 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 stock has a market capitalization of $9.30 billion, a PE ratio of 16.41, a PEG ratio of 2.22 and a beta of 0.71. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $453.41. The business’s 50-day moving average is $227.25 and its 200 day moving average is $244.09.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $4.28 earnings per share. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is presently 29.84%.

Analyst Upgrades and Downgrades

FDS has been the subject of several research reports. Royal Bank Of Canada reduced their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Bank of America initiated coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target on the stock. UBS Group lowered their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. The Goldman Sachs Group decreased their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Finally, Barclays decreased their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of “Reduce” and a consensus price target of $279.62.

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.