Connor Clark & Lunn Investment Management Ltd. Cuts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,494 shares of the business services provider's stock after selling 7,319 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in FactSet Research Systems were worth $5,040,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. increased its position in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares in the last quarter. Great Lakes Advisors LLC grew its stake in FactSet Research Systems by 1.4% during the 4th quarter. Great Lakes Advisors LLC now owns 8,522 shares of the business services provider's stock worth $4,093,000 after buying an additional 121 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in FactSet Research Systems by 17.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,019 shares of the business services provider's stock worth $489,000 after buying an additional 153 shares during the period. Natural Investments LLC purchased a new stake in FactSet Research Systems in the fourth quarter valued at approximately $363,000. Finally, Wealthfront Advisers LLC boosted its holdings in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock valued at $36,712,000 after acquiring an additional 74,620 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Remove Ads

FactSet Research Systems Price Performance

Shares of FDS traded down $6.65 during mid-day trading on Thursday, reaching $431.75. 587,476 shares of the company's stock were exchanged, compared to its average volume of 292,362. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.93 and a beta of 0.77. The company has a 50-day simple moving average of $456.45 and a two-hundred day simple moving average of $464.35.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.22 earnings per share. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

Wall Street Analyst Weigh In

Several research firms recently commented on FDS. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on FactSet Research Systems from $500.00 to $450.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a report on Monday, December 23rd. Finally, Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and a consensus target price of $449.38.

FactSet Research Systems Company 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.