Waverly Advisors LLC Sells 68 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Waverly Advisors LLC decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,891 shares of the business services provider’s stock after selling 68 shares during the period. Waverly Advisors LLC’s holdings in FactSet Research Systems were worth $2,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Wealth Strategies LLC. purchased a new stake in FactSet Research Systems during the fourth quarter valued at about $1,490,000. Woodline Partners LP boosted its stake in shares of FactSet Research Systems by 344.0% during the fourth quarter. Woodline Partners LP now owns 2,282 shares of the business services provider’s stock valued at $1,096,000 after purchasing an additional 1,768 shares during the period. Vident Advisory LLC grew its holdings in shares of FactSet Research Systems by 174.4% in the fourth quarter. Vident Advisory LLC now owns 1,276 shares of the business services provider’s stock worth $613,000 after purchasing an additional 811 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of FactSet Research Systems by 57.3% in the fourth quarter. Toronto Dominion Bank now owns 20,732 shares of the business services provider’s stock worth $9,957,000 after buying an additional 7,552 shares during the period. Finally, Siemens Fonds Invest GmbH increased its stake in shares of FactSet Research Systems by 871.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider’s stock worth $5,203,000 after buying an additional 9,719 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $464.13 on Friday. The company has a 50-day simple moving average of $437.49 and a two-hundred day simple moving average of $458.77. 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 firm has a market capitalization of $17.61 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87.

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, topping 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 quarter in the prior year, the company earned $4.22 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s payout ratio is 31.29%.

Wall Street Analyst Weigh In

FDS has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Finally, Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average price target of $436.90.

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.