Arkadios Wealth Advisors Reduces Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Arkadios Wealth Advisors cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,566 shares of the business services provider’s stock after selling 30 shares during the quarter. Arkadios Wealth Advisors’ holdings in FactSet Research Systems were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FDS. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the third quarter worth $35,000. Federated Hermes Inc. purchased a new stake in FactSet Research Systems during the second quarter valued at $52,000. Finally, Exchange Traded Concepts LLC lifted its holdings in FactSet Research Systems by 581.8% in the third 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. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems 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 sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Up 0.6 %

NYSE FDS opened at $462.64 on Monday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.59 billion, a PE ratio of 33.16, a P/E/G ratio of 2.85 and a beta of 0.76. The stock’s 50 day moving average is $480.02 and its 200 day moving average is $451.95.

FactSet Research Systems (NYSE:FDS) last issued its earnings results 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. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.12 earnings per share. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analysts Set New Price Targets

FDS has been the subject of a number of recent research reports. Evercore ISI initiated coverage on 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 shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, BMO Capital Markets lowered their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Five equities research 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, FactSet Research Systems currently has an average rating of “Hold” and an average target price 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.