Birch Capital Management LLC Has $4.12 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Birch Capital Management LLC lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 9.9% during the fourth quarter, HoldingsChannel reports. The fund owned 8,586 shares of the business services provider’s stock after purchasing an additional 774 shares during the quarter. FactSet Research Systems comprises approximately 2.1% of Birch Capital Management LLC’s holdings, making the stock its 19th biggest position. Birch Capital Management LLC’s holdings in FactSet Research Systems were worth $4,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth $26,000. Quest Partners LLC raised its holdings in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of FactSet Research Systems in the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $35,000. Finally, Federated Hermes Inc. acquired a new stake in FactSet Research Systems in the 2nd quarter worth approximately $52,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $3.49 during mid-day trading on Tuesday, hitting $462.54. 114,803 shares of the company were exchanged, compared to its average volume of 186,012. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $481.41 and a 200 day moving average of $449.37. The company has a market capitalization of $17.57 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $4.12 EPS. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s payout ratio is currently 29.82%.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Stifel Nicolaus upped their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, 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 report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $453.46.

FactSet Research Systems 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.