Cognios Beta Neutral Large Cap Fund LP Sells 227 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Cognios Beta Neutral Large Cap Fund LP decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 16.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,156 shares of the business services provider’s stock after selling 227 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in FactSet Research Systems were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC grew its holdings in FactSet Research Systems by 2.3% during the 3rd quarter. AE Wealth Management LLC now owns 3,620 shares of the business services provider’s stock worth $1,583,000 after acquiring an additional 82 shares during the period. IFP Advisors Inc grew its stake in shares of FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after buying an additional 35 shares during the period. Global Retirement Partners LLC increased its position in FactSet Research Systems by 28.8% in the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after buying an additional 23 shares in the last quarter. HB Wealth Management LLC acquired a new position in FactSet Research Systems during the 3rd quarter worth approximately $217,000. Finally, SG Americas Securities LLC boosted its holdings in FactSet Research Systems by 133.2% in the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after acquiring an additional 2,646 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $476.02, for a total value of $1,428,060.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $6,147,798.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FDS shares. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus reissued a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. BMO Capital Markets increased their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Finally, Barclays reissued an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Stock Up 0.7 %

NYSE:FDS traded up $2.89 during mid-day trading on Wednesday, hitting $422.83. 294,688 shares of the company’s stock were exchanged, compared to its average volume of 242,859. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The business has a fifty day moving average price of $452.19 and a 200 day moving average price of $455.44. The company has a market cap of $16.12 billion, a PE ratio of 33.48, a P/E/G ratio of 2.70 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities analysts predict that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

About FactSet Research Systems

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.