FactSet Research Systems Inc. $FDS Holdings Cut by Truist Financial Corp

Truist Financial Corp decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 13.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,249 shares of the business services provider’s stock after selling 2,947 shares during the quarter. Truist Financial Corp’s holdings in FactSet Research Systems were worth $5,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of FactSet Research Systems by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider’s stock valued at $1,413,078,000 after purchasing an additional 107,184 shares in the last quarter. State Street Corp raised its holdings in shares of FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock valued at $561,873,000 after purchasing an additional 23,660 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FactSet Research Systems by 3.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock valued at $245,247,000 after purchasing an additional 26,865 shares in the last quarter. Invesco Ltd. raised its holdings in shares of FactSet Research Systems by 16.2% during the 3rd quarter. Invesco Ltd. now owns 793,832 shares of the business services provider’s stock valued at $227,425,000 after purchasing an additional 110,686 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of FactSet Research Systems by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 572,756 shares of the business services provider’s stock valued at $164,089,000 after purchasing an additional 43,748 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FDS. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Bank of America began coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target on the stock. UBS Group cut their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Barclays cut their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Finally, Royal Bank Of Canada cut their price target on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $223.66 on Friday. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $474.79. The firm’s fifty day simple moving average is $218.72 and its 200 day simple moving average is $250.38. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.15 billion, a PE ratio of 14.38, a PEG ratio of 1.94 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the previous year, the firm posted $4.28 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

About FactSet Research Systems

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.