Crossmark Global Holdings Inc. Sells 1,655 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Crossmark Global Holdings Inc. cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 68.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 771 shares of the business services provider’s stock after selling 1,655 shares during the period. Crossmark Global Holdings Inc.’s holdings in FactSet Research Systems were worth $371,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. boosted its position in shares of FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after buying an additional 21 shares during the period. Andina Capital Management LLC increased its position in shares of FactSet Research Systems by 3.8% during the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares in the last quarter. Wallace Advisory Group LLC boosted its holdings in FactSet Research Systems by 4.2% in the fourth quarter. Wallace Advisory Group LLC now owns 894 shares of the business services provider’s stock worth $411,000 after acquiring an additional 36 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake 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 valued at $856,000 after purchasing an additional 37 shares in the last quarter. Finally, Haverford Trust Co lifted its position in FactSet Research Systems by 4.5% during the 3rd quarter. Haverford Trust Co now owns 852 shares of the business services provider’s stock worth $392,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.5 %

Shares of NYSE FDS opened at $466.63 on Monday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50-day moving average of $477.77 and a two-hundred day moving average of $453.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 33.92% and a net margin of 24.16%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.12 EPS. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets decreased their price target 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. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $453.46.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly 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 filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.