FactSet Research Systems Inc. $FDS Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,644 shares of the business services provider’s stock after selling 4,337 shares during the period. Natixis Advisors LLC owned 0.22% of FactSet Research Systems worth $23,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FDS. Cromwell Holdings LLC acquired a new position in FactSet Research Systems in the fourth quarter worth about $26,000. WPG Advisers LLC grew its stake 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 worth $27,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank acquired a new position in FactSet Research Systems in the fourth quarter worth about $29,000. BOKF NA grew its stake 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 worth $30,000 after purchasing an additional 102 shares in the last quarter. Finally, Navalign LLC acquired a new position in FactSet Research Systems in the fourth quarter worth about $32,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDS has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group decreased their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research note on Wednesday, April 1st. Royal Bank Of Canada decreased their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. Finally, Barclays decreased their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average target price of $279.62.

FactSet Research Systems Stock Performance

FDS opened at $255.24 on Friday. The business’s 50 day moving average is $227.25 and its 200-day moving average is $244.29. The stock has a market cap of $9.30 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The company had revenue of $611.02 million for 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.28 earnings per share. On average, analysts predict that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is presently 29.84%.

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.