Everence Capital Management Inc. Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Everence Capital Management Inc. bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 860 shares of the business services provider’s stock, valued at approximately $413,000.

A number of other institutional investors have also made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the 3rd quarter valued at about $26,000. Quest Partners LLC grew its stake in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the 3rd quarter worth $35,000. Finally, Federated Hermes Inc. bought a new position in FactSet Research Systems in the 2nd quarter valued at $52,000. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 0.3 %

Shares of FactSet Research Systems stock opened at $475.06 on Monday. The company has a market capitalization of $18.05 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $481.27 and a two-hundred day moving average of $448.96. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $4.12 EPS. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.88%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price 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.