Accurate Wealth Management LLC Invests $2.56 Million in FactSet Research Systems Inc. (NYSE:FDS)

Accurate Wealth Management LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,020 shares of the business services provider's stock, valued at approximately $2,561,000.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth approximately $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems in the first quarter worth $44,000. MassMutual Private Wealth & Trust FSB increased its position in shares of FactSet Research Systems by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after acquiring an additional 28 shares during the period. Allworth Financial LP raised its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after acquiring an additional 22 shares in the last quarter. Finally, Clean Yield Group raised its stake in shares of FactSet Research Systems by 18.0% in the first quarter. Clean Yield Group now owns 177 shares of the business services provider's stock valued at $80,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. This represents a 89.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.6%

Shares of NYSE FDS traded down $2.49 during midday trading on Wednesday, hitting $423.11. 248,421 shares of the company's stock were exchanged, compared to its average volume of 292,892. The firm's fifty day simple moving average is $438.74 and its 200-day simple moving average is $455.48. The company has a market cap of $16.06 billion, a PE ratio of 30.33, a P/E/G ratio of 2.93 and a beta of 0.86. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

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

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, Morgan Stanley lowered 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 report on Friday, March 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems has an average rating of "Hold" and a consensus target price of $448.00.

FactSet Research Systems 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.