Beck Bode LLC Sells 631 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Beck Bode LLC trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,881 shares of the business services provider’s stock after selling 631 shares during the quarter. FactSet Research Systems accounts for 1.2% of Beck Bode LLC’s portfolio, making the stock its 28th largest holding. Beck Bode LLC’s holdings in FactSet Research Systems were worth $6,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares during the period. SBI Securities Co. Ltd. acquired a new stake in FactSet Research Systems during the fourth quarter worth about $102,000. Private Trust Co. NA increased its stake in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 22 shares during the period. Finally, Blue Trust Inc. increased its stake in FactSet Research Systems by 61.8% during the fourth quarter. Blue Trust Inc. now owns 369 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the topic of several recent research reports. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, UBS Group cut their price target 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. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $436.90.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Price Performance

NYSE:FDS opened at $434.70 on Friday. The firm has a market cap of $16.50 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company’s 50-day moving average price is $433.89 and its two-hundred day moving average price is $459.27. 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 Inc. has a 12 month low of $391.69 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the company earned $4.22 EPS. FactSet Research Systems’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost 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 payout ratio is currently 29.59%.

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.