Comerica Bank Sells 3,121 Shares of FactSet Research Systems Inc. $FDS

Comerica Bank decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,813 shares of the business services provider’s stock after selling 3,121 shares during the quarter. Comerica Bank’s holdings in FactSet Research Systems were worth $2,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mattern Capital Management LLC raised its position in shares of FactSet Research Systems by 48.8% during the fourth quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after acquiring an additional 9,971 shares during the last quarter. Marathon Capital Management bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $212,000. Concurrent Investment Advisors LLC raised its position in shares of FactSet Research Systems by 6.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,683 shares of the business services provider’s stock worth $1,649,000 after acquiring an additional 348 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of FactSet Research Systems by 13.7% during the fourth quarter. Copeland Capital Management LLC now owns 82,277 shares of the business services provider’s stock worth $23,876,000 after acquiring an additional 9,908 shares during the last quarter. Finally, Absher Wealth Management LLC raised its position in shares of FactSet Research Systems by 54.5% during the fourth quarter. Absher Wealth Management LLC now owns 1,570 shares of the business services provider’s stock worth $456,000 after acquiring an additional 554 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 2.2%

Shares of FactSet Research Systems stock opened at $219.50 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $474.79. The business has a fifty day simple moving average of $217.84 and a 200 day simple moving average of $251.29. The stock has a market cap of $8.00 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.95 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The business had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. During the same period in the previous year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is presently 28.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FDS shares. Royal Bank Of Canada dropped their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. The Goldman Sachs Group dropped their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Barclays dropped their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. Bank of America started coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.