Canoe Financial LP Sells 4,840 Shares of FactSet Research Systems Inc. $FDS

Canoe Financial LP decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,915 shares of the business services provider’s stock after selling 4,840 shares during the period. Canoe Financial LP’s holdings in FactSet Research Systems were worth $4,321,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. lifted its position in shares of FactSet Research Systems by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after purchasing an additional 30 shares in the last quarter. Aurora Investment Managers LLC. grew its position in FactSet Research Systems by 0.9% in the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 35 shares in the last quarter. WPG Advisers LLC increased its stake in FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in FactSet Research Systems by 3.6% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock valued at $361,000 after buying an additional 43 shares during the last quarter. Finally, Promus Capital LLC lifted its position in shares of FactSet Research Systems by 2.4% during the 3rd quarter. Promus Capital LLC now owns 1,947 shares of the business services provider’s stock worth $558,000 after buying an additional 45 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FDS shares. UBS Group cut their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada decreased their price target on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Rothschild & Co Redburn lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a report on Thursday, June 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Wednesday. Finally, Wells Fargo & Company upped their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $267.69.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $232.00 on Monday. 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 firm has a market cap of $8.45 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.93 and a beta of 0.71. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $453.41. The firm’s 50-day simple moving average is $230.82 and its two-hundred day simple moving average is $239.15.

FactSet Research Systems (NYSE:FDS) last released its 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. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm 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 firm earned $4.28 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.0%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, May 29th. FactSet Research Systems’s dividend payout ratio is currently 29.84%.

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.