NewEdge Wealth LLC Trims Stake in FactSet Research Systems Inc. $FDS

NewEdge Wealth LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 70.4% during the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FDS. Jones Financial Companies Lllp increased its holdings in 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 worth $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC boosted its position 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 valued at $442,000 after acquiring an additional 210 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in FactSet Research Systems by 58.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 51 shares in the last quarter. Finally, Cerity Partners LLC boosted its position 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 acquiring an additional 707 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 6.3%

FactSet Research Systems stock opened at $212.49 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization 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 Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The business has a fifty day moving average price of $218.03 and a 200-day moving average price of $247.41.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The firm had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.28 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is 28.30%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America assumed coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price on the stock. Wells Fargo & Company increased their target price on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. UBS Group dropped their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada dropped their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Profile

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.