Palumbo Wealth Management LLC Purchases 1,352 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Palumbo Wealth Management LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 41.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,615 shares of the business services provider's stock after purchasing an additional 1,352 shares during the period. Palumbo Wealth Management LLC's holdings in FactSet Research Systems were worth $2,098,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDS. GAMMA Investing LLC grew its stake in FactSet Research Systems by 40,436.2% during the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after purchasing an additional 429,028 shares during the period. Raymond James Financial Inc. acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Point72 Asset Management L.P. bought a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $66,368,000. Vest Financial LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $52,445,000. Finally, Geode Capital Management LLC increased its stake in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after acquiring an additional 94,668 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Down 0.0%

NYSE FDS traded down $0.03 during trading hours on Tuesday, hitting $437.00. The company's stock had a trading volume of 594,058 shares, compared to its average volume of 295,809. The company has a market capitalization of $16.58 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.88 and a beta of 0.86. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company's 50-day simple moving average is $440.21 and its two-hundred day simple moving average is $451.25.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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). 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 analysts' expectations of $580.70 million. During the same period last year, the company earned $4.37 earnings per share. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FDS. 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 research note on Friday. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday. Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday. Finally, Evercore ISI reduced their price objective on 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 equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.