FactSet Research Systems Inc. (NYSE:FDS) Stake Lifted by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,850 shares of the business services provider's stock after purchasing an additional 1,285 shares during the quarter. FactSet Research Systems accounts for about 1.4% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 7th largest position. Marks Group Wealth Management Inc owned approximately 0.09% of FactSet Research Systems worth $14,935,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FDS. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $29,000. American National Bank & Trust bought a new position in FactSet Research Systems during the first quarter valued at $44,000. Golden State Wealth Management LLC increased its position in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 worth $54,000 after purchasing an additional 28 shares during the last quarter. Finally, CX Institutional bought a new position in shares of FactSet Research Systems in the first quarter worth about $60,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 in the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FDS has been the topic of several recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Evercore ISI dropped their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Stock Up 0.6%

Shares of FDS stock traded up $2.65 during mid-day trading on Wednesday, hitting $436.80. 252,116 shares of the stock traded hands, compared to its average volume of 296,025. The stock has a market cap of $16.52 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.84 and a beta of 0.84. 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 stock's fifty day moving average is $445.39 and its two-hundred day moving average is $446.80. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 earnings per share. Equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

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.