FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,367 shares of the business services provider’s stock after selling 60 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in FactSet Research Systems were worth $1,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Trust N.A. lifted its stake in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 21 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP lifted its stake in shares of FactSet Research Systems by 19.1% in the fourth 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. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of FactSet Research Systems by 1.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 25 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of FactSet Research Systems by 3.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 905 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $453.31 on Thursday. The company has a market cap of $17.24 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day simple moving average of $467.91 and a 200-day simple moving average of $460.99.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the previous year, the firm posted $4.12 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

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

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.