Cresset Asset Management LLC Has $662,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Cresset Asset Management LLC reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 62.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,379 shares of the business services provider’s stock after selling 2,289 shares during the quarter. Cresset Asset Management LLC’s holdings in FactSet Research Systems were worth $662,000 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. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the 4th quarter worth approximately $29,000. Allworth Financial LP lifted its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after buying an additional 33 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $102,000. Finally, Private Trust Co. NA lifted its holdings in shares of FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after buying an additional 22 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDS. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $436.90.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $452.28 on Wednesday. The business’s fifty day moving average price is $433.02 and its two-hundred day moving average price is $458.31. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. 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 (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share 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 for the quarter, compared to analysts’ expectations of $570.65 million. During the same period in the prior year, the business posted $4.22 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.97%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio is 31.29%.

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.