Avior Wealth Management LLC Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Avior Wealth Management LLC decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,102 shares of the business services provider’s stock after selling 107 shares during the period. Avior Wealth Management LLC’s holdings in FactSet Research Systems were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems in the third quarter worth $34,000. Brooklyn Investment Group purchased a new position in FactSet Research Systems during the third quarter worth $35,000. Quarry LP bought a new position in FactSet Research Systems during the second quarter valued at $62,000. Finally, Exchange Traded Concepts LLC raised its stake 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 acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $466.63 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day moving average price of $477.77 and a 200-day moving average price of $453.37. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a market capitalization of $17.75 billion, a PE ratio of 33.45, a PEG ratio of 2.92 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $4.12 EPS. Equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.