FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Birch Capital Management LLC

Birch Capital Management LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,586 shares of the business services provider’s stock after acquiring an additional 774 shares during the quarter. FactSet Research Systems accounts for about 2.1% of Birch Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Birch Capital Management LLC’s holdings in FactSet Research Systems were worth $4,124,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $26,000. Quest Partners LLC increased its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems during the 3rd quarter worth approximately $35,000. Finally, Federated Hermes Inc. bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS traded down $3.49 during midday trading on Tuesday, reaching $462.54. The stock had a trading volume of 114,803 shares, compared to its average volume of 186,012. The firm’s 50 day moving average price is $481.41 and its 200-day moving average price is $449.37. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $17.57 billion, a P/E ratio of 33.28, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the firm posted $4.12 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $453.46.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

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.