FourThought Financial Partners LLC Trims Stake in FactSet Research Systems Inc. (NYSE:FDS)

FourThought Financial Partners LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,437 shares of the business services provider’s stock after selling 41 shares during the period. FourThought Financial Partners LLC’s holdings in FactSet Research Systems were worth $690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of FactSet Research Systems by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 276,779 shares of the business services provider’s stock worth $132,932,000 after acquiring an additional 27,836 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in FactSet Research Systems by 49.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,639 shares of the business services provider’s stock valued at $6,070,000 after buying an additional 4,200 shares during the period. MONECO Advisors LLC increased its holdings in FactSet Research Systems by 24.7% during the fourth quarter. MONECO Advisors LLC now owns 570 shares of the business services provider’s stock valued at $274,000 after buying an additional 113 shares during the period. Cordatus Wealth Management LLC increased its holdings in FactSet Research Systems by 0.8% during the fourth quarter. Cordatus Wealth Management LLC now owns 4,196 shares of the business services provider’s stock valued at $2,015,000 after buying an additional 34 shares during the period. Finally, Nicholson Wealth Management Group LLC increased its holdings in FactSet Research Systems by 90.3% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 3,287 shares of the business services provider’s stock valued at $1,579,000 after buying an additional 1,560 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 0.3 %

FDS stock opened at $462.99 on Wednesday. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm has a 50-day moving average of $468.30 and a two-hundred day moving average of $461.04.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business 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 company posted $4.12 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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 given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s payout ratio is currently 29.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Stifel Nicolaus raised their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $453.23.

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.