Poehling Capital Management INC. Makes New Investment in FactSet Research Systems Inc. $FDS

Poehling Capital Management INC. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,877 shares of the business services provider’s stock, valued at approximately $1,709,000.

Several other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of FactSet Research Systems by 5.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC lifted its holdings in FactSet Research Systems by 27.6% during the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC boosted its stake in FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares during the period. Finally, Cerity Partners LLC grew its holdings in FactSet Research Systems by 15.6% during the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock valued at $2,347,000 after buying an additional 707 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDS. Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a report on Thursday, June 18th. UBS Group decreased their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Reduce” and a consensus target price of $267.69.

FactSet Research Systems Stock Up 11.1%

Shares of NYSE FDS opened at $232.00 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $230.82 and a 200-day moving average of $239.48. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.74 and a beta of 0.71. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $453.41.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period last year, the firm posted $4.28 earnings per share. FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.0%. FactSet Research Systems’s dividend payout ratio is 29.84%.

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.