FactSet Research Systems Inc. (NYSE:FDS) Stock Position Lifted by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,196 shares of the business services provider’s stock after purchasing an additional 34 shares during the quarter. Cordatus Wealth Management LLC’s holdings in FactSet Research Systems were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems in the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new stake in FactSet Research Systems in the 3rd quarter valued at approximately $35,000. Allworth Financial LP increased its position in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FDS. BMO Capital Markets lowered their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their price target on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Stock Performance

FDS opened at $466.39 on Friday. The firm has a market cap of $17.74 billion, a PE ratio of 33.43, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $469.87 and a 200-day simple moving average of $459.00. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $4.12 EPS. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

About FactSet Research Systems

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.