FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,105 shares of the business services provider’s stock after selling 455 shares during the quarter. Truist Financial Corp’s holdings in FactSet Research Systems were worth $11,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc raised its stake in FactSet Research Systems by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 5,802 shares of the business services provider’s stock worth $2,787,000 after acquiring an additional 237 shares in the last quarter. Principal Financial Group Inc. raised its stake in FactSet Research Systems by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 50,166 shares of the business services provider’s stock worth $24,094,000 after acquiring an additional 1,375 shares in the last quarter. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Palumbo Wealth Management LLC raised its stake in FactSet Research Systems by 19.3% during the 4th quarter. Palumbo Wealth Management LLC now owns 3,263 shares of the business services provider’s stock worth $1,567,000 after acquiring an additional 528 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in FactSet Research Systems by 5.6% during the 4th quarter. Manchester Capital Management LLC now owns 2,108 shares of the business services provider’s stock worth $1,012,000 after acquiring an additional 112 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 0.0 %

Shares of NYSE FDS opened at $466.39 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market capitalization of $17.74 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s 50-day moving average is $469.87 and its two-hundred day moving average is $459.00.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.12 earnings per share. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on shares of 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 shares of 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. Finally, UBS Group lifted their price objective on shares of 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 equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $453.23.

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.