Natixis Advisors LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 81,644 shares of the business services provider’s stock after selling 4,337 shares during the quarter. Natixis Advisors LLC’s holdings in FactSet Research Systems were worth $23,693,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in FactSet Research Systems by 5.6% during the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares in the last quarter. Empowered Funds LLC raised its holdings in FactSet Research Systems by 27.6% during the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in FactSet Research Systems by 15.6% during the second quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.
FactSet Research Systems Trading Up 0.1%
FactSet Research Systems stock opened at $255.24 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $453.41. The firm’s 50 day moving average price is $227.25 and its two-hundred day moving average price is $244.29.
FactSet Research Systems Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.8%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on FDS. The Goldman Sachs Group dropped their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Royal Bank Of Canada dropped their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Bank of America began coverage on FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price on the stock. Finally, Barclays dropped their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $279.62.
Get Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Profile
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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