D.A. Davidson & CO. Sells 73 Shares of FactSet Research Systems Inc. (NYSE:FDS)

D.A. Davidson & CO. trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118 shares of the business services provider’s stock after selling 73 shares during the period. D.A. Davidson & CO.’s holdings in FactSet Research Systems were worth $537,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the third quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems during the third quarter worth about $35,000. Allworth Financial LP raised its holdings in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $462.99 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock’s 50 day moving average is $468.30 and its 200-day moving average is $461.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the business earned $4.12 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Analyst Ratings Changes

Several analysts recently issued reports on FDS shares. BMO Capital Markets dropped their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Wells Fargo & Company dropped their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley upped their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $453.23.

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.