FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,335 shares of the business services provider’s stock after selling 3,311 shares during the period. Commonwealth Equity Services LLC’s holdings in FactSet Research Systems were worth $4,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impact Capital Partners LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $584,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of FactSet Research Systems by 1.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,498 shares of the business services provider’s stock valued at $3,619,000 after acquiring an additional 97 shares during the last quarter. Erste Asset Management GmbH increased its position in shares of FactSet Research Systems by 9.8% during the fourth quarter. Erste Asset Management GmbH now owns 13,722 shares of the business services provider’s stock valued at $6,661,000 after acquiring an additional 1,230 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 24 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of FactSet Research Systems by 1.4% during the fourth quarter. Great Lakes Advisors LLC now owns 8,522 shares of the business services provider’s stock valued at $4,093,000 after acquiring an additional 121 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 0.5 %

Shares of FactSet Research Systems stock opened at $433.01 on Friday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a 50 day moving average of $455.49 and a 200 day moving average of $464.45. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16.47 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems’s payout ratio is currently 29.82%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FDS. Morgan Stanley dropped their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $450.00 to $402.00 in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group lowered their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $441.00.

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.