Arkadios Wealth Advisors Sells 30 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Arkadios Wealth Advisors lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,566 shares of the business services provider’s stock after selling 30 shares during the quarter. Arkadios Wealth Advisors’ holdings in FactSet Research Systems were worth $1,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the third quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $35,000. Federated Hermes Inc. bought a new stake in FactSet Research Systems in the 2nd quarter worth approximately $52,000. Finally, Quarry LP purchased a new stake in FactSet Research Systems in the second quarter worth approximately $62,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent research reports. Redburn Atlantic lowered shares of 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 report on Wednesday, October 9th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets dropped their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Trading Up 0.6 %

Shares of FDS opened at $462.64 on Monday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The firm’s 50-day moving average price is $480.02 and its 200-day moving average price is $451.95. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

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 return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the previous year, the firm posted $4.12 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

About FactSet Research Systems

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.