Lido Advisors LLC Sells 319 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Lido Advisors LLC cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,652 shares of the business services provider’s stock after selling 319 shares during the quarter. Lido Advisors LLC’s holdings in FactSet Research Systems were worth $1,274,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in shares of FactSet Research Systems by 13.9% during the fourth quarter. Northern Trust Corp now owns 398,180 shares of the business services provider’s stock worth $191,238,000 after acquiring an additional 48,444 shares during the period. Tudor Investment Corp ET AL grew its holdings in FactSet Research Systems by 4.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 1,255 shares of the business services provider’s stock valued at $603,000 after buying an additional 55 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in FactSet Research Systems during the 4th quarter worth $11,406,000. Coldstream Capital Management Inc. lifted its holdings in shares of FactSet Research Systems by 1.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,906 shares of the business services provider’s stock worth $916,000 after buying an additional 26 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of FactSet Research Systems by 1.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 9,386 shares of the business services provider’s stock valued at $4,508,000 after acquiring an additional 175 shares during the period. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on FDS shares. UBS Group dropped their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research note on Friday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Finally, Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $436.90.

FactSet Research Systems Stock Up 1.1 %

Shares of NYSE FDS opened at $434.70 on Friday. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.93 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The stock has a 50-day moving average price of $433.89 and a two-hundred day moving average price of $459.35.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the firm earned $4.22 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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.