Whittier Trust Co. Sells 2,444 Shares of FactSet Research Systems Inc. $FDS

Whittier Trust Co. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 67.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,155 shares of the business services provider’s stock after selling 2,444 shares during the quarter. Whittier Trust Co.’s holdings in FactSet Research Systems were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FDS. Running Oak Capital LLC increased its position in shares of FactSet Research Systems by 14.0% during the 3rd quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock valued at $11,842,000 after purchasing an additional 5,072 shares during the last quarter. Nuance Investments LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $2,733,000. Fiera Capital Corp increased its position in shares of FactSet Research Systems by 5.3% during the 3rd quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock valued at $80,271,000 after purchasing an additional 14,133 shares during the last quarter. Financial Strategies Group Inc. bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $7,920,000. Finally, Mcdonald Capital Investors Inc. CA bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $28,320,000. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America assumed coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target on the stock. The Goldman Sachs Group reduced their price target on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company raised their price target on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada reduced their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Finally, BMO Capital Markets reduced their price target on FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Trading Down 0.1%

NYSE FDS opened at $232.56 on Monday. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $474.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day simple moving average of $211.65 and a two-hundred day simple moving average of $254.91. The stock has a market cap of $8.47 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73.

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 for the quarter, topping the consensus estimate of $4.37 by $0.09. The business had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $4.28 EPS. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, February 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

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.