Vestmark Advisory Solutions Inc. Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Vestmark Advisory Solutions Inc. lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,277 shares of the business services provider’s stock after selling 55 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in FactSet Research Systems were worth $2,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $1,174,000. Stratos Wealth Partners LTD. grew its position in shares of FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after acquiring an additional 237 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $2,024,000. abrdn plc increased its holdings in shares of FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the period. Finally, Cookson Peirce & Co. Inc. purchased a new stake in FactSet Research Systems in the 4th quarter valued at $8,833,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FDS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays restated an “equal weight” rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research started coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets raised their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $442.70.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,330 shares of company stock worth $2,740,515. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $4.89 during trading on Friday, hitting $428.25. 197,396 shares of the company were exchanged, compared to its average volume of 254,506. The firm has a 50 day moving average price of $446.95 and a 200 day moving average price of $454.03. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $1.04 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s payout ratio is currently 31.04%.

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.