Evoke Wealth LLC Sells 453 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Evoke Wealth LLC lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,161 shares of the business services provider’s stock after selling 453 shares during the period. Evoke Wealth LLC’s holdings in FactSet Research Systems were worth $3,439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its stake in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC raised its stake in shares of FactSet Research Systems by 1.4% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA grew its stake in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in FactSet Research Systems by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company cut their target price on shares of 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. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Five investment 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 currently has an average rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Stock Up 0.7 %

NYSE:FDS opened at $440.02 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $16.73 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm has a 50-day simple moving average of $457.29 and a two-hundred day simple moving average of $464.41.

FactSet Research Systems (NYSE:FDS) last announced 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. The company had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.12 earnings per share. Analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.