Mission Wealth Management LP Sells 514 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mission Wealth Management LP lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,605 shares of the business services provider’s stock after selling 514 shares during the period. Mission Wealth Management LP’s holdings in FactSet Research Systems were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FDS. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $413,000. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after buying an additional 1,436 shares in the last quarter. Natixis Advisors LLC raised its position in FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after buying an additional 1,260 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after acquiring an additional 59,173 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDS. Wells Fargo & Company reduced their price target on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets cut their price objective on 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. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $453.23.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $458.13 on Tuesday. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The firm has a 50-day simple moving average of $466.16 and a 200-day simple moving average of $462.57. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period last year, the company earned $4.12 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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 dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

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.