Angeles Wealth Management LLC Sells 39 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Angeles Wealth Management LLC decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 602 shares of the business services provider’s stock after selling 39 shares during the period. Angeles Wealth Management LLC’s holdings in FactSet Research Systems were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of FDS. State Street Corp boosted its stake in shares of FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the period. JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after buying an additional 4,113 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 1.4 %

FactSet Research Systems stock opened at $460.07 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.50 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.95 and a beta of 0.77. The business has a fifty day moving average of $473.77 and a two-hundred day moving average of $457.06. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data 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 firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the prior year, the business posted $4.12 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. BMO Capital Markets cut their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. 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 report on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $453.46.

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.