EverSource Wealth Advisors LLC Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

EverSource Wealth Advisors LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262 shares of the business services provider’s stock after selling 36 shares during the period. EverSource Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of FactSet Research Systems by 29.3% in the third quarter. Huntington National Bank now owns 291 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 66 shares in the last quarter. ING Groep NV acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $422,000. OneDigital Investment Advisors LLC lifted its stake in FactSet Research Systems by 1.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,684 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 40 shares in the last quarter. CIBC Asset Management Inc grew its holdings in FactSet Research Systems by 8.0% during the 3rd quarter. CIBC Asset Management Inc now owns 5,565 shares of the business services provider’s stock valued at $2,559,000 after buying an additional 414 shares during the last quarter. Finally, Empirical Finance LLC increased its position in FactSet Research Systems by 5.1% during the third quarter. Empirical Finance LLC now owns 915 shares of the business services provider’s stock worth $421,000 after buying an additional 44 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

NYSE FDS opened at $440.02 on Tuesday. 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 firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a 50 day simple moving average of $457.29 and a 200-day simple moving average of $464.41. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 EPS. Equities research analysts predict 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 paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FDS. Wells Fargo & Company decreased their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus boosted 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 report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $449.38.

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.