Heron Bay Capital Management Has $17.81 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Heron Bay Capital Management trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,078 shares of the business services provider’s stock after selling 2,050 shares during the period. FactSet Research Systems makes up 3.7% of Heron Bay Capital Management’s investment portfolio, making the stock its 8th largest holding. Heron Bay Capital Management’s holdings in FactSet Research Systems were worth $17,808,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FDS. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the period. Continuum Advisory LLC boosted its holdings in FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $433.01 on Friday. The stock has a 50 day moving average of $455.49 and a 200 day moving average of $464.45. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG 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 current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $4.22 EPS. As a group, sell-side analysts forecast 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 was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on FDS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $450.00 to $402.00 in a report on Friday. 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. Finally, BMO Capital Markets lowered their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $441.00.

About FactSet Research Systems

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.