Callan Family Office LLC Acquires New Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Callan Family Office LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,951 shares of the business services provider’s stock, valued at approximately $937,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Trust N.A. grew its stake in FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP grew its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares during the last quarter. Private Trust Co. NA lifted its holdings in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC lifted its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 25 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FDS shares. Morgan Stanley upped their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. BMO Capital Markets reduced 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, Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Trading Down 0.2 %

Shares of FDS stock opened at $440.67 on Friday. The firm has a market cap of $16.76 billion, a P/E ratio of 31.59, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. 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 simple moving average is $462.37 and its 200-day simple moving average is $463.08.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during 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 was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 EPS. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm 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. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

About FactSet Research Systems

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.