Lmcg Investments LLC Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Lmcg Investments LLC trimmed its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,066 shares of the business services provider’s stock after selling 27 shares during the period. Lmcg Investments LLC’s holdings in FactSet Research Systems were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the third quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in FactSet Research Systems during the 3rd quarter valued at approximately $35,000. Federated Hermes Inc. bought a new stake in FactSet Research Systems in the 2nd quarter worth approximately $52,000. Finally, Quarry LP purchased a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $62,000. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FDS. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Evercore ISI initiated coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Trading Up 0.7 %

NYSE FDS opened at $466.07 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company’s 50-day moving average price is $479.27 and its 200-day moving average price is $452.58. The stock has a market cap of $17.72 billion, a PE ratio of 33.41, a PEG ratio of 2.91 and a beta of 0.76. 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 issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $4.12 earnings per share. Equities research 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, December 19th. Shareholders of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is 29.82%.

FactSet Research Systems Company Profile

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.