Spire Wealth Management Cuts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Spire Wealth Management lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 76.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 912 shares of the business services provider's stock after selling 2,949 shares during the period. Spire Wealth Management's holdings in FactSet Research Systems were worth $438,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth approximately $38,909,000. Nordea Investment Management AB boosted its stake in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after buying an additional 59,173 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after buying an additional 52,741 shares during the last quarter. State Street Corp lifted its stake in FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after purchasing an additional 25,294 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded down $2.18 during trading on Friday, hitting $467.10. The stock had a trading volume of 221,895 shares, compared to its average volume of 328,979. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.95 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The business's 50-day moving average is $474.36 and its 200 day moving average is $456.34. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.12 earnings per share. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current 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 paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems's dividend payout ratio is presently 29.82%.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares of the company's stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FDS has been the topic of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. BMO Capital Markets dropped their price objective on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a research note on Monday, December 23rd. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Finally, UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $453.46.

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.