Wealthfront Advisers LLC Lowers Stock Position in FactSet Research Systems Inc. $FDS

Wealthfront Advisers LLC lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,231 shares of the business services provider’s stock after selling 4,365 shares during the quarter. Wealthfront Advisers LLC’s holdings in FactSet Research Systems were worth $647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDS. First Horizon Corp purchased a new position in FactSet Research Systems during the third quarter valued at $25,000. Cromwell Holdings LLC bought a new position in shares of FactSet Research Systems during the fourth quarter valued at $26,000. WPG Advisers LLC increased its holdings in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Winnow Wealth LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at $28,000. Finally, Field & Main Bank bought a new position in shares of FactSet Research Systems during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FDS. Barclays reduced their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. UBS Group reduced their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Bank of America began coverage on FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target for the company. Evercore raised their price target on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Price Performance

NYSE FDS opened at $225.02 on Tuesday. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $474.79. The stock has a 50-day moving average of $217.35 and a 200 day moving average of $251.74. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $604.78 million. During the same period last year, the company earned $4.28 EPS. FactSet Research Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

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.