Mattern Capital Management LLC Acquires 9,971 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Mattern Capital Management raised its FactSet stake by 48.8%, buying 9,971 shares to hold 30,391 shares worth about $8.82 million (roughly 0.08% of the company) at the end of the quarter.
• FactSet beat estimates with quarterly EPS of $4.46 (vs. $4.37 expected) and revenue of $611.02 million (up 7.1% y/y), and it pays a $1.10 quarterly dividend ($4.40 annual, ~2.0% yield).
• Shares trade near $224 with a market cap of $8.16 billion and a PE of 14.4, while analyst sentiment is mixed-to-negative—an average rating of Reduce and an average target of $279.85—and institutional ownership is 91.24%.

Mattern Capital Management LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 48.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,391 shares of the business services provider's stock after purchasing an additional 9,971 shares during the period. Mattern Capital Management LLC owned 0.08% of FactSet Research Systems worth $8,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $25,000. Cromwell Holdings LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at about $26,000. WPG Advisers LLC raised its holdings in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider's stock valued at $27,000 after purchasing an additional 40 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock valued at $45,000 after purchasing an additional 64 shares during the period. Finally, Winnow Wealth LLC acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $28,000. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Down 1.8%

FDS opened at $224.03 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $474.79. The firm has a market capitalization of $8.16 billion, a PE ratio of 14.41, a P/E/G ratio of 1.98 and a beta of 0.73. The company's 50-day moving average is $214.91 and its 200 day moving average is $253.67.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the prior year, the business posted $4.28 EPS. The firm's revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.65 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, February 27th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, February 27th. FactSet Research Systems's dividend payout ratio is currently 28.30%.

Analysts Set New Price Targets

FDS has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a "sector perform" rating on the stock in a report on Wednesday, March 18th. Bank of America initiated coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They set an "underperform" rating and a $195.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an "underweight" rating in a report on Wednesday, April 1st. The Goldman Sachs Group dropped their price objective on shares of FactSet Research Systems from $253.00 to $217.00 and set a "sell" rating on the stock in a report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of FactSet Research Systems in a report on Friday, March 27th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $279.85.

About FactSet Research Systems

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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