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

Marks Group Wealth Management Inc grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,850 shares of the business services provider's stock after acquiring an additional 1,285 shares during the quarter. FactSet Research Systems comprises 1.4% of Marks Group Wealth Management Inc's holdings, making the stock its 7th largest holding. Marks Group Wealth Management Inc owned 0.09% of FactSet Research Systems worth $14,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after acquiring an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock valued at $240,184,000 after acquiring an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after purchasing an additional 7,718 shares during the last quarter. Invesco Ltd. raised its position in FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after acquiring an additional 66,861 shares during the period. Finally, GAMMA Investing LLC lifted its stake in FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after purchasing an additional 429,028 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The transaction was disclosed in a legal filing 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 on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $3.83 during midday trading on Friday, hitting $446.16. 232,216 shares of the company's stock were exchanged, compared to its average volume of 294,496. The company has a market cap of $16.87 billion, a P/E ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50-day moving average price of $445.23 and a two-hundred day moving average price of $447.59. 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 issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $580.70 million. During the same period in the previous year, the company earned $4.37 EPS. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.79%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FDS. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Evercore ISI lowered 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. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $444.25.

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.