Everence Capital Management Inc. Invests $413,000 in FactSet Research Systems Inc. (NYSE:FDS)

Everence Capital Management Inc. purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 860 shares of the business services provider’s stock, valued at approximately $413,000.

A number of other hedge funds have also recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems in the third quarter worth approximately $26,000. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems in the third quarter worth $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems during the third quarter valued at about $35,000. Finally, Federated Hermes Inc. acquired a new stake in shares of FactSet Research Systems in the second quarter worth about $52,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Down 0.3 %

Shares of FactSet Research Systems stock opened at $475.06 on Monday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The firm has a market capitalization of $18.05 billion, a PE 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 company’s fifty day moving average price is $481.27 and its two-hundred day moving average price is $448.96.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 earnings per share. On average, analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced 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. 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 (DPR) is presently 29.82%.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of analyst reports. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Evercore ISI started coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $453.46.

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.