Tandem Investment Advisors Inc. Has $117.39 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Tandem Investment Advisors Inc. trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,411 shares of the business services provider’s stock after selling 2,348 shares during the quarter. FactSet Research Systems accounts for about 4.4% of Tandem Investment Advisors Inc.’s holdings, making the stock its 4th largest position. Tandem Investment Advisors Inc. owned about 0.64% of FactSet Research Systems worth $117,386,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems during the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems in the third quarter worth about $35,000. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of 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 valued at $69,000 after acquiring an additional 128 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $466.39 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.74 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.77. The company has a 50 day moving average of $469.87 and a 200 day moving average of $459.00.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period in the previous year, the business earned $4.12 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems’s payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company lowered their price objective on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $453.23.

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.