Raub Brock Capital Management LP lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,987 shares of the business services provider’s stock after selling 3,101 shares during the period. FactSet Research Systems accounts for about 4.3% of Raub Brock Capital Management LP’s holdings, making the stock its 11th largest holding. Raub Brock Capital Management LP owned 0.23% of FactSet Research Systems worth $17,539,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in FDS. ETF Managers Group LLC purchased a new stake in shares of FactSet Research Systems in the 2nd quarter worth $121,000. Mountain Capital Investment Advisors Inc bought a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $126,000. Turner Investments LLC bought a new stake in FactSet Research Systems in the third quarter worth about $144,000. Fieldpoint Private Securities LLC bought a new stake in FactSet Research Systems in the third quarter worth about $195,000. Finally, Visionary Asset Management Inc. bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $205,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.
FDS has been the topic of several analyst reports. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Tuesday, November 28th. Northcoast Research upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Thursday, September 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and issued a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Oppenheimer reissued a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $183.46.
Shares of FactSet Research Systems Inc. (NYSE FDS) traded up $1.16 during midday trading on Thursday, hitting $195.34. 443,400 shares of the stock were exchanged, compared to its average volume of 338,600. The stock has a market capitalization of $7,620.00, a P/E ratio of 29.51, a PEG ratio of 2.24 and a beta of 0.97. FactSet Research Systems Inc. has a 1-year low of $155.09 and a 1-year high of $207.25. The company has a current ratio of 2.64, a quick ratio of 2.04 and a debt-to-equity ratio of 0.93.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.06. The firm had revenue of $329.10 million during the quarter, compared to the consensus estimate of $330.49 million. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. FactSet Research Systems’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. analysts expect that FactSet Research Systems Inc. will post 8.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s payout ratio is 33.84%.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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