Hendley & Co. Inc. Acquires Shares of 7,450 FactSet Research Systems Inc. $FDS

Hendley & Co. Inc. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,450 shares of the business services provider’s stock, valued at approximately $2,162,000.

Several other large investors also recently bought and sold shares of FDS. First Horizon Corp acquired a new position in FactSet Research Systems in the third quarter valued at $25,000. Cromwell Holdings LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $26,000. WPG Advisers LLC raised its holdings in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of FactSet Research Systems in the third quarter valued at about $28,000. Finally, Field & Main Bank purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a report on Wednesday, April 1st. Bank of America assumed coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price for the company. Barclays reduced their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. Finally, Royal Bank Of Canada reduced their target price on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and a consensus target price of $279.85.

FactSet Research Systems Trading Up 6.3%

NYSE FDS opened at $212.49 on Friday. The stock has a market capitalization of $7.74 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.85 and a beta of 0.69. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $474.79. The firm has a 50-day moving average price of $218.03 and a 200 day moving average price of $247.41. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results 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. The firm had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.28 earnings per share. Equities research analysts expect that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is currently 28.30%.

FactSet Research Systems Company Profile

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.