FourThought Financial Partners LLC Sells 38 Shares of FactSet Research Systems Inc. (NYSE:FDS)

FourThought Financial Partners LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,312 shares of the business services provider’s stock after selling 38 shares during the period. FourThought Financial Partners LLC’s holdings in FactSet Research Systems were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth about $1,174,000. Stratos Wealth Partners LTD. increased its stake in shares of FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after purchasing an additional 237 shares during the period. Advisors Preferred LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $2,024,000. abrdn plc boosted its stake in FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after purchasing an additional 10,230 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in FactSet Research Systems in the 4th quarter valued at $8,833,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,330 shares of company stock valued at $2,740,515. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on FDS. Stifel Nicolaus restated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reiterated an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. The Goldman Sachs Group raised their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets upped their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Price Performance

NYSE:FDS traded up $4.89 during trading hours on Friday, hitting $428.25. The company’s stock had a trading volume of 197,396 shares, compared to its average volume of 254,506. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $16.32 billion, a P/E ratio of 33.91, a PEG ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock has a fifty day simple moving average of $446.95 and a 200-day simple moving average of $454.03.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

FactSet Research Systems Company 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.