JGP Wealth Management LLC Sells 11,828 Shares of FactSet Research Systems Inc. $FDS

JGP Wealth Management LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 79.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,136 shares of the business services provider’s stock after selling 11,828 shares during the period. JGP Wealth Management LLC’s holdings in FactSet Research Systems were worth $910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Corp bought a new stake in FactSet Research Systems in the third quarter valued at $25,000. Winnow Wealth LLC bought a new position in FactSet Research Systems in the 3rd quarter worth $28,000. BOKF NA lifted its position in shares of FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares during the period. Covestor Ltd boosted its stake in shares of FactSet Research Systems by 53.4% during the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 39 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.4%

Shares of NYSE:FDS opened at $208.38 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $229.62 and a two-hundred day simple moving average of $268.99. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $474.79. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.14 and a beta of 0.75.

FactSet Research Systems declared that its board has initiated a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. FactSet Research Systems’s payout ratio is currently 27.99%.

Insider Transactions at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the transaction, the director owned 879 shares in the company, valued at $259,920.30. The trade was a 74.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the sale, the director owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. This represents a 71.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $215.00 to $195.00 and set an “underweight” rating for the company in a report on Tuesday, February 17th. Barclays lowered their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. The Goldman Sachs Group decreased their price objective on FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating for the company in a report on Friday, December 19th. Raymond James Financial reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Thursday, December 18th. Finally, UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $285.69.

About FactSet Research Systems

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.