Wealthfront Advisers LLC Reduces Stock Holdings in FactSet Research Systems Inc. $FDS

Wealthfront Advisers LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 66.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,231 shares of the business services provider’s stock after selling 4,365 shares during the period. Wealthfront Advisers LLC’s holdings in FactSet Research Systems were worth $647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in FactSet Research Systems by 2.2% in the third quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider’s stock worth $1,413,078,000 after purchasing an additional 107,184 shares during the last quarter. State Street Corp boosted its position in FactSet Research Systems by 1.2% in the third quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after purchasing an additional 23,660 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in FactSet Research Systems by 3.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock worth $245,247,000 after purchasing an additional 26,865 shares during the last quarter. Invesco Ltd. boosted its position in FactSet Research Systems by 16.2% in the third quarter. Invesco Ltd. now owns 793,832 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 110,686 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in FactSet Research Systems by 8.3% in the third quarter. Bank of America Corp DE now owns 572,756 shares of the business services provider’s stock worth $164,089,000 after purchasing an additional 43,748 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.1%

NYSE FDS opened at $225.02 on Tuesday. The stock’s 50 day moving average is $217.35 and its 200 day moving average is $251.74. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. 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 cap of $8.20 billion, a PE ratio of 14.47, a P/E/G ratio of 1.98 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results 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 return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. During the same period in the previous year, the firm earned $4.28 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Research analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDS. The Goldman Sachs Group dropped their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada lowered their price objective on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Finally, Evercore lifted their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems 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.