Truist Financial Corp Decreases Holdings in FactSet Research Systems Inc. $FDS

Truist Financial Corp trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,249 shares of the business services provider’s stock after selling 2,947 shares during the period. Truist Financial Corp owned 0.05% of FactSet Research Systems worth $5,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Montag A & Associates Inc. boosted its position in FactSet Research Systems by 918.8% during the 4th quarter. Montag A & Associates Inc. now owns 163 shares of the business services provider’s stock worth $47,000 after purchasing an additional 147 shares during the period. Benjamin Edwards Inc. boosted its position in FactSet Research Systems by 10.3% during the 4th quarter. Benjamin Edwards Inc. now owns 2,593 shares of the business services provider’s stock worth $752,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC boosted its position in FactSet Research Systems by 5.8% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,061 shares of the business services provider’s stock worth $308,000 after purchasing an additional 58 shares during the period. Composition Wealth LLC boosted its position in FactSet Research Systems by 31.9% during the 4th quarter. Composition Wealth LLC now owns 1,510 shares of the business services provider’s stock worth $438,000 after purchasing an additional 365 shares during the period. Finally, Fifth Third Bancorp boosted its position in FactSet Research Systems by 101.9% during the 4th quarter. Fifth Third Bancorp now owns 3,721 shares of the business services provider’s stock worth $1,080,000 after purchasing an additional 1,878 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.1%

FactSet Research Systems stock opened at $223.66 on Friday. The company has a 50 day moving average price of $218.72 and a 200 day moving average price of $250.38. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $474.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.94 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter last year, the business posted $4.28 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Research analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is currently 28.30%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FDS shares. Barclays decreased their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. The Goldman Sachs Group decreased their price objective on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada decreased their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. UBS Group decreased their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Bank of America started coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.