Parr Mcknight Wealth Management Group LLC Sells 3,655 Shares of FactSet Research Systems Inc. $FDS

Parr Mcknight Wealth Management Group LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 32.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,452 shares of the business services provider’s stock after selling 3,655 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in FactSet Research Systems were worth $2,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at about $26,000. WPG Advisers LLC increased its holdings in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Winnow Wealth LLC bought a new stake in FactSet Research Systems in the third quarter valued at about $28,000. Field & Main Bank bought a new stake in FactSet Research Systems in the fourth quarter valued at about $29,000. Finally, BOKF NA increased its holdings in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 2.9%

Shares of FactSet Research Systems stock opened at $245.90 on Friday. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $465.81. The business has a 50-day moving average of $221.77 and a two-hundred day moving average of $244.77. The company has a market capitalization of $8.96 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 2.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same period in the prior year, the company earned $4.28 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is currently 28.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FDS shares. Royal Bank Of Canada dropped their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a report on Wednesday. The Goldman Sachs Group lowered their price target on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company increased their price target on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. UBS Group lowered their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Bank of America started coverage on FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $279.62.

About FactSet Research Systems

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.