FactSet Research Systems Inc. $FDS Shares Sold by Core Alternative Capital

Core Alternative Capital trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,592 shares of the business services provider’s stock after selling 2,334 shares during the period. Core Alternative Capital’s holdings in FactSet Research Systems were worth $1,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDS. M&T Bank Corp grew its position in FactSet Research Systems by 3,285.3% in the 4th quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock valued at $89,356,000 after buying an additional 298,827 shares during the last quarter. Two Sigma Investments LP grew its position in FactSet Research Systems by 1,356.3% in the 3rd quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock valued at $80,151,000 after buying an additional 260,557 shares during the last quarter. Barclays PLC grew its position in FactSet Research Systems by 159.3% in the 3rd quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock valued at $78,079,000 after buying an additional 167,424 shares during the last quarter. First Trust Advisors LP grew its position in FactSet Research Systems by 1,221.1% in the 3rd quarter. First Trust Advisors LP now owns 160,446 shares of the business services provider’s stock valued at $45,966,000 after buying an additional 148,301 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in FactSet Research Systems by 190.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 206,711 shares of the business services provider’s stock valued at $59,221,000 after buying an additional 135,431 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Evercore lifted their price objective on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. Bank of America assumed coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Finally, Barclays lowered their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $227.99 on Friday. The firm has a market capitalization of $8.31 billion, a P/E ratio of 14.66, a PEG ratio of 1.98 and a beta of 0.69. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $474.79. The company’s fifty day moving average is $217.35 and its two-hundred day moving average is $251.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping the consensus estimate of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.28 EPS. Analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, February 27th. FactSet Research Systems’s payout ratio is 28.30%.

FactSet Research Systems 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.