FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC raised its holdings in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 487 shares of the business services provider’s stock after acquiring an additional 24 shares during the period. Drive Wealth Management LLC’s holdings in FactSet Research Systems were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pinnacle Financial Partners Inc lifted its holdings in FactSet Research Systems by 427.0% in the 4th quarter. Pinnacle Financial Partners Inc now owns 527 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 427 shares during the last quarter. Wolf Group Capital Advisors lifted its stake in FactSet Research Systems by 3.2% during the fourth quarter. Wolf Group Capital Advisors now owns 3,600 shares of the business services provider’s stock valued at $1,717,000 after buying an additional 111 shares in the last quarter. Palumbo Wealth Management LLC lifted its stake in FactSet Research Systems by 6.5% during the fourth quarter. Palumbo Wealth Management LLC now owns 1,994 shares of the business services provider’s stock valued at $951,000 after buying an additional 121 shares in the last quarter. Chicago Capital LLC lifted its stake in FactSet Research Systems by 105.2% during the fourth quarter. Chicago Capital LLC now owns 2,341 shares of the business services provider’s stock valued at $1,117,000 after buying an additional 1,200 shares in the last quarter. Finally, Wendell David Associates Inc. lifted its stake in FactSet Research Systems by 1.6% during the fourth quarter. Wendell David Associates Inc. now owns 31,697 shares of the business services provider’s stock valued at $15,121,000 after buying an additional 500 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $6,147,798.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Down 0.7 %

NYSE:FDS opened at $439.92 on Wednesday. The stock’s 50 day moving average price is $466.25 and its 200 day moving average price is $456.22. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64. The company has a market capitalization of $16.76 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. On average, research analysts forecast that FactSet Research Systems Inc. will post 15.78 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Analyst Ratings Changes

A number of research firms have commented on FDS. Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group upped their target price on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $480.00 target price (up previously from $471.00) on shares of FactSet Research Systems in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $444.11.

Check Out Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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