NewEdge Wealth LLC Lowers Holdings in FactSet Research Systems Inc. (NYSE:FDS)

NewEdge Wealth LLC decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,577 shares of the business services provider’s stock after selling 55 shares during the quarter. NewEdge Wealth LLC’s holdings in FactSet Research Systems were worth $2,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its position in shares of FactSet Research Systems by 28.8% during the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 23 shares in the last quarter. Drive Wealth Management LLC raised its position in shares of FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 24 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of FactSet Research Systems by 0.9% during the 3rd quarter. Naples Global Advisors LLC now owns 2,875 shares of the business services provider’s stock valued at $1,257,000 after acquiring an additional 25 shares in the last quarter. Ascent Group LLC raised its position in shares of FactSet Research Systems by 5.7% during the 3rd quarter. Ascent Group LLC now owns 538 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 29 shares in the last quarter. Finally, Institutional & Family Asset Management LLC raised its position in shares of FactSet Research Systems by 0.3% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays restated an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets upped their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Trading Down 0.2 %

NYSE:FDS opened at $426.24 on Friday. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.62 and a beta of 0.72. The business has a fifty day moving average of $459.31 and a 200-day moving average of $456.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities analysts predict that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.