Congress Asset Management Co. Sells 17,495 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Congress Asset Management Co. decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,798 shares of the business services provider’s stock after selling 17,495 shares during the period. Congress Asset Management Co.’s holdings in FactSet Research Systems were worth $110,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC raised its stake in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after acquiring an additional 128 shares during the period. Finally, Coastline Trust Co bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $78,000. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of several recent analyst reports. Royal Bank of Canada reiterated 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. Wells Fargo & Company reduced their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lifted their price objective 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 shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets reduced their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $453.23.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $456.24 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50-day simple moving average is $471.71 and its 200-day simple moving average is $457.92.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $565.14 million. During the same quarter in the previous year, the firm earned $4.12 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

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.