Evoke Wealth LLC Cuts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Evoke Wealth LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,161 shares of the business services provider’s stock after selling 453 shares during the quarter. Evoke Wealth LLC’s holdings in FactSet Research Systems were worth $3,439,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Trust N.A. grew its holdings in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP increased its holdings in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the last quarter. Private Trust Co. NA increased its holdings in FactSet Research Systems by 8.2% during the 4th 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 period. Finally, Avantax Advisory Services Inc. raised its position in shares of 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 worth $583,000 after acquiring an additional 24 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FDS. Stifel Nicolaus increased 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 report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note 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 report on Monday, December 23rd. Finally, Wells Fargo & Company reduced 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, March 7th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $449.38.

FactSet Research Systems Price Performance

NYSE:FDS opened at $440.02 on Tuesday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company’s 50-day moving average is $457.29 and its two-hundred day moving average is $464.41. The firm has a market cap 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 current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.12 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current 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 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 yield of 0.95%. FactSet Research Systems’s 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.