Atria Wealth Solutions Inc. Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Atria Wealth Solutions Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 766 shares of the business services provider’s stock after selling 45 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in FactSet Research Systems were worth $365,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in FactSet Research Systems in the fourth quarter valued at $221,000. Linden Thomas Advisory Services LLC grew its holdings in shares of FactSet Research Systems by 1.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,428 shares of the business services provider’s stock worth $3,544,000 after purchasing an additional 88 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in FactSet Research Systems by 4.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 43,356 shares of the business services provider’s stock worth $20,634,000 after purchasing an additional 1,681 shares in the last quarter. Larson Financial Group LLC raised its holdings in FactSet Research Systems by 93.5% in the fourth quarter. Larson Financial Group LLC now owns 178 shares of the business services provider’s stock valued at $85,000 after buying an additional 86 shares during the period. Finally, California Public Employees Retirement System lifted its position in FactSet Research Systems by 1.5% during the fourth quarter. California Public Employees Retirement System now owns 206,074 shares of the business services provider’s stock valued at $98,308,000 after buying an additional 3,110 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDS has been the topic of a number of research reports. Barclays reissued an “equal weight” rating and issued a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research began coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. BMO Capital Markets boosted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group increased their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Stock Down 0.1 %

Shares of NYSE:FDS opened at $435.49 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a market cap of $16.60 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a fifty day simple moving average of $445.97 and a 200 day simple moving average of $454.13.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $1.04 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now directly owns 1,485 shares in the company, valued at approximately $640,747.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,772 shares of company stock worth $6,371,121. 1.00% of the stock is currently owned by insiders.

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.