Coldstream Capital Management Inc. Raises Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Coldstream Capital Management Inc. grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,906 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. Coldstream Capital Management Inc.’s holdings in FactSet Research Systems were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FDS. SkyView Investment Advisors LLC increased its stake in FactSet Research Systems by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,774 shares of the business services provider’s stock worth $816,000 after buying an additional 50 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in FactSet Research Systems during the 3rd quarter worth approximately $403,000. Tidal Investments LLC grew its holdings in FactSet Research Systems by 9.0% during the 3rd quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider’s stock worth $1,166,000 after acquiring an additional 209 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of FactSet Research Systems by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 1,336 shares of the business services provider’s stock valued at $614,000 after buying an additional 643 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of FactSet Research Systems by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider’s stock valued at $5,687,000 after buying an additional 669 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.4 %

Shares of FactSet Research Systems stock opened at $422.63 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a market capitalization of $16.04 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.93 and a beta of 0.82. The business has a 50 day moving average price of $436.45 and a 200 day moving average price of $460.21.

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 for the quarter, beating the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.22 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. FactSet Research Systems’s payout ratio is 29.59%.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company lowered 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 report on Friday, March 21st. UBS Group lowered their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $436.90.

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.