Connor Clark & Lunn Investment Management Ltd. Has $5.04 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,494 shares of the business services provider’s stock after selling 7,319 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in FactSet Research Systems were worth $5,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $35,000. Allworth Financial LP lifted its position in shares of 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 buying an additional 22 shares during the period. Coastline Trust Co bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $78,000. Continuum Advisory LLC lifted its position in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after buying an additional 33 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 2.1 %

NYSE FDS opened at $436.64 on Monday. The stock has a fifty day moving average of $457.83 and a 200-day moving average of $464.25. The stock has a market capitalization of $16.61 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during 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 business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $4.12 EPS. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. 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 report on Monday, March 10th. Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $449.38.

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.