Steward Partners Investment Advisory LLC Sells 707 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Steward Partners Investment Advisory LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,760 shares of the business services provider’s stock after selling 707 shares during the period. Steward Partners Investment Advisory LLC’s holdings in FactSet Research Systems were worth $2,767,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Allworth Financial LP boosted its holdings in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $78,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

FDS opened at $440.67 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $16.76 billion, a PE ratio of 31.59, a P/E/G ratio of 2.93 and a beta of 0.77. The firm has a 50 day moving average of $463.29 and a two-hundred day moving average of $462.54.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period last year, the firm posted $4.12 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Analysts Set New Price Targets

FDS has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a research note on Friday. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Morgan Stanley lifted their target price 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. Finally, BMO Capital Markets lowered their target price 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. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $449.38.

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.