Capital Investment Services of America Inc. Cuts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Capital Investment Services of America Inc. cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,330 shares of the business services provider’s stock after selling 243 shares during the period. Capital Investment Services of America Inc.’s holdings in FactSet Research Systems were worth $639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Choreo LLC increased its holdings in shares of FactSet Research Systems by 12.0% in the fourth quarter. Choreo LLC now owns 665 shares of the business services provider’s stock worth $321,000 after purchasing an additional 71 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in FactSet Research Systems by 5.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider’s stock worth $9,094,000 after acquiring an additional 932 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of FactSet Research Systems by 2.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,596 shares of the business services provider’s stock worth $1,247,000 after acquiring an additional 62 shares in the last quarter. E. Ohman J or Asset Management AB boosted its position in shares of FactSet Research Systems by 24.1% during the 4th quarter. E. Ohman J or Asset Management AB now owns 1,804 shares of the business services provider’s stock valued at $866,000 after acquiring an additional 350 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in shares of FactSet Research Systems by 13.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,924 shares of the business services provider’s stock valued at $924,000 after purchasing an additional 228 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FDS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Stock Performance

FDS stock opened at $468.60 on Thursday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.98 and a beta of 0.77. The business’s fifty day simple moving average is $475.28 and its two-hundred day simple moving average is $455.71. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.12 EPS. Analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

FactSet Research Systems 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.