NewEdge Wealth LLC Decreases Stock Holdings in FactSet Research Systems Inc. $FDS

NewEdge Wealth LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 70.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638 shares of the business services provider’s stock after selling 3,893 shares during the period. NewEdge Wealth LLC’s holdings in FactSet Research Systems were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FDS. M&T Bank Corp raised its holdings in shares of FactSet Research Systems by 3,285.3% during the 4th quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock worth $89,356,000 after acquiring an additional 298,827 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of FactSet Research Systems by 1,356.3% in the 3rd quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock valued at $80,151,000 after purchasing an additional 260,557 shares during the last quarter. Barclays PLC lifted its stake in shares of FactSet Research Systems by 159.3% in the 3rd quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock valued at $78,079,000 after purchasing an additional 167,424 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of FactSet Research Systems by 1,221.1% in the 3rd quarter. First Trust Advisors LP now owns 160,446 shares of the business services provider’s stock valued at $45,966,000 after purchasing an additional 148,301 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of FactSet Research Systems by 190.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 206,711 shares of the business services provider’s stock valued at $59,221,000 after purchasing an additional 135,431 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group lowered their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. Bank of America assumed coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. Finally, The Goldman Sachs Group lowered their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Trading Up 6.3%

Shares of NYSE FDS opened at $212.49 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50 day moving average price is $218.03 and its 200-day moving average price is $247.41. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $474.79. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.85 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period in the prior year, the business posted $4.28 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.65 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 29th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.