Coldstream Capital Management Inc. Increases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Coldstream Capital Management Inc. grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,906 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. Coldstream Capital Management Inc.’s holdings in FactSet Research Systems were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in FDS. Allworth Financial LP increased its holdings in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC raised its position in FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $102,000. Private Trust Co. NA raised its holdings in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after buying an additional 22 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of FactSet Research Systems by 61.8% in the fourth quarter. Blue Trust Inc. now owns 369 shares of the business services provider’s stock worth $170,000 after buying an additional 141 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.4 %

Shares of NYSE:FDS opened at $422.63 on Tuesday. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a market capitalization of $16.04 billion, a PE ratio of 30.30, a PEG ratio of 2.93 and a beta of 0.82. The business has a 50 day moving average of $436.45 and a two-hundred day moving average of $460.21. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.59%.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on FDS. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. UBS Group cut their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $436.90.

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.