Tandem Investment Advisors Inc. Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Tandem Investment Advisors Inc. lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,152 shares of the business services provider’s stock after selling 11,536 shares during the period. FactSet Research Systems makes up 4.2% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Tandem Investment Advisors Inc. owned about 0.57% of FactSet Research Systems worth $104,069,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $1,174,000. Stratos Wealth Partners LTD. grew its position in FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 237 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $2,024,000. Nordea Investment Management AB raised its position in FactSet Research Systems by 45.1% in the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after purchasing an additional 57,502 shares during the period. Finally, Fiera Capital Corp lifted its stake in shares of FactSet Research Systems by 1.6% in the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after acquiring an additional 6,960 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FDS. Barclays reiterated an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $442.70.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $6,147,798.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Performance

FDS traded up $2.19 during midday trading on Wednesday, hitting $429.25. 247,667 shares of the company traded hands, compared to its average volume of 240,198. The company’s 50-day moving average is $457.24 and its 200 day moving average is $456.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $16.36 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, research analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

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.