Procyon Advisors LLC Raises Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Procyon Advisors LLC raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,802 shares of the business services provider’s stock after buying an additional 166 shares during the quarter. Procyon Advisors LLC’s holdings in FactSet Research Systems were worth $3,267,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the third quarter valued at $26,000. Quest Partners LLC grew its holdings in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the third quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the third quarter valued at approximately $35,000. Finally, Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems during the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FDS. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Price Performance

Shares of FDS opened at $459.24 on Friday. 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 1.25. The stock has a fifty day moving average price of $480.32 and a 200 day moving average price of $451.10. The company has a market cap of $17.47 billion, a P/E ratio of 32.92, a PEG ratio of 2.85 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 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 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 earnings per share. On average, research 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 disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.82%.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

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.