Berkshire Asset Management LLC PA Reduces Holdings in FactSet Research Systems Inc. (FDS)

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Berkshire Asset Management LLC PA lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013 shares of the business services provider’s stock after selling 82 shares during the period. Berkshire Asset Management LLC PA’s holdings in FactSet Research Systems were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in FDS. Tributary Capital Management LLC grew its position in shares of FactSet Research Systems by 25.4% in the fourth quarter. Tributary Capital Management LLC now owns 7,400 shares of the business services provider’s stock valued at $1,481,000 after purchasing an additional 1,500 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $200,000. BB&T Corp grew its position in shares of FactSet Research Systems by 5.2% in the fourth quarter. BB&T Corp now owns 30,476 shares of the business services provider’s stock valued at $6,099,000 after purchasing an additional 1,494 shares in the last quarter. Somerset Trust Co grew its position in shares of FactSet Research Systems by 2.5% in the fourth quarter. Somerset Trust Co now owns 7,654 shares of the business services provider’s stock valued at $1,531,000 after purchasing an additional 186 shares in the last quarter. Finally, Eukles Asset Management purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $1,665,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.

FDS has been the topic of a number of recent analyst reports. Barclays upgraded FactSet Research Systems from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $210.00 to $235.00 in a report on Friday, December 7th. Credit Suisse Group initiated coverage on FactSet Research Systems in a report on Friday, December 7th. They issued a “neutral” rating and a $238.00 price objective on the stock. Cantor Fitzgerald decreased their price objective on FactSet Research Systems to $209.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. DA Davidson upped their price objective on FactSet Research Systems to $206.00 and gave the company a “neutral” rating in a report on Wednesday, December 19th. Finally, Morgan Stanley decreased their price objective on FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. FactSet Research Systems has an average rating of “Hold” and an average price target of $219.36.

NYSE:FDS traded up $2.74 during trading hours on Friday, reaching $224.45. 211,805 shares of the stock were exchanged, compared to its average volume of 241,506. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.06. FactSet Research Systems Inc. has a twelve month low of $184.48 and a twelve month high of $237.95. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. FactSet Research Systems had a return on equity of 62.54% and a net margin of 20.47%. The company had revenue of $351.60 million for the quarter, compared to analysts’ expectations of $349.92 million. During the same period in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 9.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.14%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.

In other news, EVP John W. Wiseman sold 9,669 shares of the stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $205.75, for a total value of $1,989,396.75. Following the sale, the executive vice president now directly owns 2,050 shares in the company, valued at $421,787.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 1,182 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $218.62, for a total value of $258,408.84. The disclosure for this sale can be found here. Insiders have sold 18,750 shares of company stock worth $3,828,051 over the last 90 days. 2.30% of the stock is owned by insiders.

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FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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