Thurston Springer Miller Herd & Titak Inc. Reduces Holdings in FactSet Research Systems Inc. $FDS

by · The Markets Daily

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 91.6% in the third quarter, Holdings Channel reports. The institutional investor owned 493 shares of the business services provider’s stock after selling 5,386 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in FactSet Research Systems were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. boosted its stake in shares of FactSet Research Systems by 4,300.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the last quarter. WPG Advisers LLC bought a new position in FactSet Research Systems in the 1st quarter worth $41,000. Generali Investments Management Co LLC bought a new position in FactSet Research Systems in the 2nd quarter worth $42,000. CYBER HORNET ETFs LLC purchased a new position in FactSet Research Systems during the second quarter valued at $45,000. Finally, Geneos Wealth Management Inc. grew its holdings in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Zacks Research upgraded FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $415.00 to $370.00 in a report on Friday, September 12th. Wolfe Research restated an “underperform” rating and set a $290.00 target price on shares of FactSet Research Systems in a research note on Friday, November 14th. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Finally, BMO Capital Markets reduced their price objective on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and a consensus price target of $347.90.

Read Our Latest Report on FactSet Research Systems

FactSet Research Systems Stock Up 0.4%

Shares of FDS opened at $293.13 on Wednesday. The business’s 50 day moving average is $278.86 and its 200 day moving average is $349.90. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 12-month low of $250.50 and a 12-month high of $496.90. The company has a market capitalization of $10.97 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.51 and a beta of 0.75.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). The company had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $3.74 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

Insider Buying and Selling at FactSet Research Systems

In other news, insider Christopher Mcloughlin acquired 338 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the completion of the transaction, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. This trade represents a 10.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Helen L. Shan bought 370 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the completion of the transaction, the executive vice president directly owned 9,284 shares of the company’s stock, valued at $2,557,556.32. This represents a 4.15% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 1,208 shares of company stock worth $328,505. Insiders own 1.20% of the company’s stock.

FactSet Research Systems Profile

(Free Report)

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.

Further Reading

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