FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Lifted by Procyon Advisors LLC

Procyon Advisors LLC lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,802 shares of the business services provider’s stock after acquiring an additional 166 shares during the quarter. Procyon Advisors LLC’s holdings in FactSet Research Systems were worth $3,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp boosted its position in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the period. JPMorgan Chase & Co. lifted its position in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

FDS stock opened at $459.24 on Friday. The stock has a market capitalization of $17.47 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.25. The company has a 50 day moving average price of $480.32 and a 200 day moving average price of $451.10. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period last year, the company earned $4.12 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s payout ratio is presently 29.82%.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction 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. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Evercore ISI started coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Finally, Morgan Stanley upped their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $453.46.

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.