B. Riley Wealth Advisors Inc. Has $232,000 Holdings in FactSet Research Systems Inc. (NYSE:FDS)

B. Riley Wealth Advisors Inc. cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 486 shares of the business services provider’s stock after selling 258 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in FactSet Research Systems were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new position in FactSet Research Systems during the 4th quarter valued at about $30,000. Desjardins Global Asset Management Inc. increased its stake in shares of FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 34 shares during the last quarter. Smithfield Trust Co increased its stake in shares of FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $49,000. Finally, Global Retirement Partners LLC increased its stake in shares of FactSet Research Systems by 36.9% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 38 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Goran Skoko sold 6,215 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Goran Skoko sold 6,215 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the sale, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,419 shares of company stock valued at $11,735,373. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FDS shares. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Jefferies Financial Group lowered their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Wolfe Research began coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price for the company. Stifel Nicolaus reissued a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $432.00.

FactSet Research Systems Trading Down 0.2 %

NYSE:FDS opened at $415.00 on Friday. FactSet Research Systems Inc. has a twelve month low of $385.27 and a twelve month high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $422.97 and a two-hundred day moving average price of $447.53. The company has a market cap of $15.82 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.74.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter in the prior year, the firm posted $3.79 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that FactSet Research Systems Inc. will post 16.33 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

FactSet Research Systems Company 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.