Congress Wealth Management LLC DE Sells 540 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Congress Wealth Management LLC DE cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,764 shares of the business services provider’s stock after selling 540 shares during the period. Congress Wealth Management LLC DE owned 0.07% of FactSet Research Systems worth $13,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. LPL Financial LLC increased its position in shares of FactSet Research Systems by 6.0% during the 4th quarter. LPL Financial LLC now owns 75,986 shares of the business services provider’s stock valued at $36,494,000 after purchasing an additional 4,283 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in FactSet Research Systems during the fourth quarter valued at $6,052,000. Sei Investments Co. raised its stake in shares of FactSet Research Systems by 2.5% in the fourth quarter. Sei Investments Co. now owns 71,515 shares of the business services provider’s stock valued at $34,344,000 after acquiring an additional 1,752 shares during the period. American Century Companies Inc. lifted its holdings in shares of FactSet Research Systems by 44.4% in the 4th quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider’s stock worth $7,441,000 after acquiring an additional 4,763 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of FactSet Research Systems by 45.9% during the 4th quarter. Mizuho Securities USA LLC now owns 3,600 shares of the business services provider’s stock worth $1,729,000 after purchasing an additional 1,133 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

NYSE FDS opened at $432.44 on Tuesday. The company has a market cap of $16.45 billion, a PE ratio of 31.00, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. 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’s 50 day moving average price is $455.05 and its 200-day moving average price is $464.73.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 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 4.5% compared to the same quarter last year. During the same period last year, the business posted $4.22 EPS. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FDS. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets decreased their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, 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. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $436.27.

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.