FactSet Research Systems Inc. $FDS Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management reduced its stake in FactSet by 82.4% in Q4, selling 37,070 shares and retaining 7,918 shares valued at $2.298 million.
• FactSet beat the quarter's estimates with EPS of $4.46 versus $4.37 and revenue of $611.02 million (up 7.1% year‑over‑year), with a net margin of 24.48% and ROE of 30.25%.
• Analysts are mixed: MarketBeat shows an average rating of "Reduce" and a consensus price target of $279.85, with analyst counts of 1 Strong Buy, 1 Buy, 9 Hold and 6 Sell; institutional investors own about 91.24% of the stock.

Pictet Asset Management Holding SA lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 82.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,918 shares of the business services provider's stock after selling 37,070 shares during the quarter. Pictet Asset Management Holding SA's holdings in FactSet Research Systems were worth $2,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FDS. First Horizon Corp acquired a new position in FactSet Research Systems in the third quarter worth approximately $25,000. Cromwell Holdings LLC acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $26,000. WPG Advisers LLC grew its position in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider's stock worth $27,000 after buying an additional 40 shares during the last quarter. Winnow Wealth LLC acquired a new position in FactSet Research Systems in the third quarter worth approximately $28,000. Finally, Field & Main Bank acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Down 1.1%

NYSE FDS opened at $225.02 on Tuesday. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $474.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.98 and a beta of 0.69. The firm's 50 day moving average price is $217.35 and its two-hundred day moving average price is $251.74.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm had revenue of $611.02 million for the quarter, compared to analysts' expectations of $604.78 million. During the same period in the previous year, the company posted $4.28 EPS. The company's quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FDS. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 1st. The Goldman Sachs Group decreased their price target on shares of FactSet Research Systems from $253.00 to $217.00 and set a "sell" rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada decreased their price target on shares of FactSet Research Systems from $320.00 to $243.00 and set a "sector perform" rating on the stock in a research report on Wednesday, March 18th. Barclays decreased their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an "underweight" rating on the stock in a research report on Monday, February 23rd. Finally, UBS Group decreased their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $279.85.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company's core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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