Whittier Trust Co. of Nevada Inc. Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Whittier Trust Co. of Nevada Inc. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,381 shares of the business services provider’s stock after purchasing an additional 497 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in FactSet Research Systems were worth $4,986,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FDS. Whittier Trust Co. grew its position in FactSet Research Systems by 3.8% during the fourth quarter. Whittier Trust Co. now owns 19,562 shares of the business services provider’s stock valued at $9,395,000 after buying an additional 718 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in FactSet Research Systems in the fourth quarter valued at about $174,000. Vinva Investment Management Ltd grew its position in shares of FactSet Research Systems by 77.6% during the 4th quarter. Vinva Investment Management Ltd now owns 1,657 shares of the business services provider’s stock valued at $800,000 after acquiring an additional 724 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $3,069,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,559 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 82 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.5 %

Shares of FDS stock opened at $433.01 on Friday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The business’s fifty day moving average is $455.49 and its 200 day moving average is $464.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the company posted $4.22 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FDS. UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday. BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $450.00 to $402.00 in a research note on Friday. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Morgan Stanley lowered their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $440.77.

About FactSet Research Systems

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.