SYSTM Wealth Solutions LLC Lowers Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

SYSTM Wealth Solutions LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 73.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 851 shares of the business services provider’s stock after selling 2,337 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Thomson Reuters were worth $143,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 3,223 shares during the last quarter. FIL Ltd grew its holdings in Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after acquiring an additional 445,444 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 11.4% in the fourth quarter. CIBC Asset Management Inc now owns 581,703 shares of the business services provider’s stock valued at $85,320,000 after acquiring an additional 59,388 shares during the period. Gillson Capital LP bought a new position in shares of Thomson Reuters during the fourth quarter valued at about $15,063,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Thomson Reuters by 874.0% during the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock worth $20,351,000 after purchasing an additional 117,320 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada reduced their price target on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.45.

Thomson Reuters Stock Performance

TRI stock opened at $168.25 on Thursday. The stock has a market capitalization of $75.66 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 5.82 and a beta of 0.73. The stock’s 50 day simple moving average is $165.27 and its 200 day simple moving average is $163.42. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $176.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. As a group, research analysts forecast that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.146 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.