Saybrook Capital NC Sells 2,295 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Saybrook Capital NC decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,467 shares of the business services provider's stock after selling 2,295 shares during the period. FactSet Research Systems comprises about 5.8% of Saybrook Capital NC's portfolio, making the stock its 6th largest holding. Saybrook Capital NC owned approximately 0.12% of FactSet Research Systems worth $21,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Allworth Financial LP grew its position in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Private Trust Co. NA lifted its holdings in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the period. Kolinsky Wealth Management LLC lifted its holdings in FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after buying an additional 23 shares during the period. Fifth Third Bancorp boosted its position in FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock valued at $668,000 after acquiring an additional 23 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in FactSet Research Systems by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after acquiring an additional 24 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $2.26 during mid-day trading on Thursday, reaching $437.61. The stock had a trading volume of 306,108 shares, compared to its average volume of 295,189. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.87 and a beta of 0.86. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The business's fifty day moving average is $440.45 and its 200-day moving average is $451.17. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $444.25.

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.