Rockefeller Capital Management L.P. Boosts Stake in FactSet Research Systems Inc. $FDS

Rockefeller Capital Management L.P. boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 683.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,094 shares of the business services provider’s stock after acquiring an additional 28,872 shares during the period. Rockefeller Capital Management L.P.’s holdings in FactSet Research Systems were worth $9,604,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FDS. Cromwell Holdings LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $26,000. WPG Advisers LLC lifted its position in FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after buying an additional 64 shares during the last quarter. Field & Main Bank acquired a new position in FactSet Research Systems during the fourth quarter worth $29,000. Finally, BOKF NA grew its holdings in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $208.73 on Friday. The company has a market cap of $7.60 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.81 and a beta of 0.71. 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 50-day moving average of $230.79 and a two-hundred day moving average of $239.53. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $453.41.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same period in the prior year, the business earned $4.28 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.66 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was 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 presently 29.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDS. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Royal Bank Of Canada reduced their target price on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. 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. Wells Fargo & Company increased 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 note on Wednesday, April 1st. Finally, Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target for the company. in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus price target of $267.69.

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.