FactSet Research Systems Inc. $FDS Holdings Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 82.4% during the 4th quarter, HoldingsChannel reports. The firm owned 7,918 shares of the business services provider’s stock after selling 37,070 shares during the quarter. Pictet Asset Management Holding SA’s holdings in FactSet Research Systems were worth $2,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mattern Capital Management LLC boosted its stake in shares of FactSet Research Systems by 48.8% during the 4th quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock valued at $8,819,000 after buying an additional 9,971 shares during the period. Marathon Capital Management acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at $212,000. Concurrent Investment Advisors LLC boosted its stake in shares of FactSet Research Systems by 6.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,683 shares of the business services provider’s stock valued at $1,649,000 after buying an additional 348 shares during the period. Copeland Capital Management LLC boosted its stake in shares of FactSet Research Systems by 13.7% during the 4th quarter. Copeland Capital Management LLC now owns 82,277 shares of the business services provider’s stock valued at $23,876,000 after buying an additional 9,908 shares during the period. Finally, Absher Wealth Management LLC boosted its stake in shares of FactSet Research Systems by 54.5% during the 4th quarter. Absher Wealth Management LLC now owns 1,570 shares of the business services provider’s stock valued at $456,000 after buying an additional 554 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.1%

FDS stock opened at $225.02 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $474.79. The company has a fifty day simple moving average of $217.35 and a 200 day simple moving average of $251.74. The firm has a market cap of $8.20 billion, a PE ratio of 14.47, a PEG ratio of 1.98 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the previous year, the business earned $4.28 EPS. FactSet Research Systems’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FDS shares. Wells Fargo & Company lifted their target price 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. Evercore lifted their target price on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research note on Thursday, January 8th. Royal Bank Of Canada decreased their target price on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 18th. Bank of America started coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Company 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.