Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,254 shares of the business services provider's stock after selling 932 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.11% of FactSet Research Systems worth $18,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FDS. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems in the fourth quarter worth $29,000. American National Bank & Trust bought a new stake in shares of FactSet Research Systems during the first quarter valued at about $44,000. Golden State Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after buying an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after acquiring an additional 28 shares during the period. Finally, CX Institutional bought a new position in shares of FactSet Research Systems in the first quarter valued at approximately $60,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 0.5%

FDS opened at $437.61 on Friday. The business's fifty day simple moving average is $440.67 and its 200 day simple moving average is $450.89. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market cap of $16.61 billion, a PE ratio of 31.62, a P/E/G ratio of 2.87 and a beta of 0.86.

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

FactSet Research Systems Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on FDS shares. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday. BMO Capital Markets increased their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Evercore ISI decreased their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $444.25.

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.

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