Eukles Asset Management Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Eukles Asset Management reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,824 shares of the business services provider’s stock after selling 99 shares during the period. FactSet Research Systems makes up about 1.6% of Eukles Asset Management’s portfolio, making the stock its 20th biggest holding. Eukles Asset Management’s holdings in FactSet Research Systems were worth $3,758,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of FactSet Research Systems during the third quarter worth about $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems in the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC grew its holdings in shares of 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 purchasing an additional 128 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on FDS shares. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated 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 cut their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Stock Down 0.5 %

FDS stock opened at $467.10 on Monday. The stock has a market cap of $17.76 billion, a P/E ratio of 33.48, a PEG ratio of 2.95 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company’s 50 day moving average is $474.36 and its two-hundred day moving average is $456.72.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS 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 firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period last year, the business earned $4.12 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.