Bridgefront Capital LLC Has $1.06 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Bridgefront Capital LLC grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 123.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,204 shares of the business services provider's stock after purchasing an additional 1,218 shares during the quarter. Bridgefront Capital LLC's holdings in FactSet Research Systems were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mount Yale Investment Advisors LLC raised its position in shares of FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares during the last quarter. Private Trust Co. NA boosted its holdings in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after acquiring an additional 22 shares during the period. Avantax Advisory Services Inc. boosted its holdings in FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after acquiring an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC grew its position in shares of FactSet Research Systems by 1.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 1.1 %

FactSet Research Systems stock opened at $434.70 on Monday. The company has a market cap of $16.50 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a fifty day simple moving average of $433.89 and a 200 day simple moving average of $459.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter in the previous year, the business posted $4.22 earnings per share. FactSet Research Systems's quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets lowered their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley cut their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Company Profile

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.

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