Mattern Wealth Management LLC Reduces Stake in FactSet Research Systems Inc. (NYSE:FDS)

Mattern Wealth Management LLC decreased its stake in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,177 shares of the business services provider’s stock after selling 118 shares during the quarter. Mattern Wealth Management LLC’s holdings in FactSet Research Systems were worth $565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems in the third quarter worth approximately $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $35,000. Quarry LP purchased a new position in FactSet Research Systems during the 2nd quarter valued at $62,000. Finally, Exchange Traded Concepts LLC boosted its holdings 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 valued at $69,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FDS shares. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Morgan Stanley upped their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets decreased their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $453.46.

Get Our Latest Stock Analysis on FactSet Research Systems

Insider Buying and Selling at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Trading Up 1.7 %

NYSE:FDS opened at $474.84 on Tuesday. 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 firm has a fifty day simple moving average of $477.55 and a 200-day simple moving average of $454.03. The company has a market capitalization of $18.06 billion, a P/E ratio of 34.04, a PEG ratio of 2.92 and a beta of 0.76. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the company earned $4.12 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

About FactSet Research Systems

(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

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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