FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 602 shares of the business services provider’s stock after selling 39 shares during the quarter. Angeles Wealth Management LLC’s holdings in FactSet Research Systems were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems in the 3rd quarter worth approximately $34,000. Brooklyn Investment Group purchased a new stake in FactSet Research Systems during the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC increased its stake in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 128 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in FactSet Research Systems during the 3rd quarter valued at approximately $78,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets dropped their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Stock Down 1.4 %

FDS opened at $460.07 on Tuesday. The company has a fifty day moving average of $473.77 and a two-hundred day moving average of $457.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.95 and a beta of 0.77.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

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.