FactSet Research Systems Inc. $FDS Shares Sold by Hsbc Holdings PLC

by · The Markets Daily

Hsbc Holdings PLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 70.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,785 shares of the business services provider’s stock after selling 160,515 shares during the period. Hsbc Holdings PLC’s holdings in FactSet Research Systems were worth $19,995,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares during the last quarter. Aurora Investment Managers LLC. grew its stake in shares of FactSet Research Systems by 0.9% during the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock valued at $1,140,000 after acquiring an additional 35 shares in the last quarter. WPG Advisers LLC increased its position in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of FactSet Research Systems by 3.6% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock worth $361,000 after acquiring an additional 43 shares during the last quarter. Finally, Promus Capital LLC lifted its stake in shares of FactSet Research Systems by 2.4% in the third quarter. Promus Capital LLC now owns 1,947 shares of the business services provider’s stock worth $558,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target for the company. in a report on Thursday, June 18th. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Royal Bank Of Canada cut their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group reduced their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $267.69.

Check Out Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Stock Down 0.6%

NYSE:FDS opened at $216.76 on Thursday. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.82 and a beta of 0.71. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41. The stock has a 50-day simple moving average of $231.09 and a 200 day simple moving average of $240.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same period in the previous year, the company earned $4.28 earnings per share. FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were issued a $1.16 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.

FactSet Research Systems Company Profile

(Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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