Argent Capital Management LLC Sells 245 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Argent Capital Management LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,955 shares of the business services provider’s stock after selling 245 shares during the quarter. Argent Capital Management LLC’s holdings in FactSet Research Systems were worth $939,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $26,000. Quest Partners LLC increased its stake in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $35,000. Finally, Federated Hermes Inc. bought a new position in shares of FactSet Research Systems in the 2nd quarter worth about $52,000. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDS. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. UBS Group raised their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Trading Down 0.1 %

Shares of FactSet Research Systems stock opened at $453.89 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 2.85 and a beta of 0.76. The company has a fifty day simple moving average of $480.61 and a 200-day simple moving average of $451.04.

FactSet Research Systems (NYSE:FDS) last announced 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 during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were 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 approximately $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

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.