FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 638 shares of the business services provider’s stock after selling 30 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in FactSet Research Systems were worth $306,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FDS. Raymond James Trust N.A. increased its position in FactSet Research Systems by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares in the last quarter. Andina Capital Management LLC increased its position in shares of FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after acquiring an additional 26 shares in the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of FactSet Research Systems by 4.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 32 shares during the period. Wallace Advisory Group LLC lifted its holdings in shares of FactSet Research Systems by 4.2% during the 4th quarter. Wallace Advisory Group LLC now owns 894 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 36 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its position in FactSet Research Systems by 2.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 1,861 shares of the business services provider’s stock worth $856,000 after purchasing an additional 37 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on FDS. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI began 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 on the stock. Finally, Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Price Performance

FDS opened at $462.64 on Friday. The company has a market capitalization of $17.59 billion, a P/E ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The company has a 50-day moving average of $480.02 and a 200-day moving average of $451.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.39. 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 posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.12 EPS. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

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.