Paces Ferry Wealth Advisors LLC Sells 31 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Paces Ferry Wealth Advisors LLC lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 559 shares of the business services provider’s stock after selling 31 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $268,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $413,000. Geode Capital Management LLC boosted its stake in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after acquiring an additional 1,436 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $1,481,000. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FDS. BMO Capital Markets reduced their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $441.00.

FactSet Research Systems Stock Up 0.5 %

Shares of NYSE:FDS opened at $433.01 on Friday. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77. The business’s 50 day moving average is $455.49 and its 200 day moving average is $464.45. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.22 EPS. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

FactSet Research Systems 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.