Atria Wealth Solutions Inc. Invests $582,000 in FactSet Research Systems Inc. $FDS

Atria Wealth Solutions Inc. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,280 shares of the business services provider's stock, valued at approximately $582,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $29,000. American National Bank & Trust purchased a new position in FactSet Research Systems during the 1st quarter valued at $44,000. Bank of Jackson Hole Trust grew its position in FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. Golden State Wealth Management LLC boosted its position in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FDS shares. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Evercore ISI reduced their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems presently has an average rating of "Hold" and a consensus price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,031 shares of company stock worth $5,825,481. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 0.0%

NYSE FDS traded up $0.09 during trading on Monday, hitting $369.71. The company's stock had a trading volume of 155,894 shares, compared to its average volume of 328,833. FactSet Research Systems Inc. has a fifty-two week low of $365.76 and a fifty-two week high of $499.87. The company has a market cap of $13.98 billion, a PE ratio of 26.69, a P/E/G ratio of 2.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The business's 50 day simple moving average is $420.68 and its 200-day simple moving average is $436.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same period in the prior year, the firm posted $4.37 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

About FactSet Research Systems

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.