Parr Mcknight Wealth Management Group LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,013 shares of the business services provider's stock, valued at approximately $4,809,000.

Other large investors also recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $29,000. Allworth Financial LP grew its position in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Smartleaf Asset Management LLC grew its position in FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in FactSet Research Systems in the fourth quarter worth $102,000. Finally, Private Trust Co. NA boosted its position in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley cut 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 research report on Friday, March 21st. Finally, BMO Capital Markets cut their price target on shares of 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. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $464.13 on Friday. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a 50-day moving average price of $437.49 and a 200-day moving average price of $458.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87.

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

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $1.10 dividend. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.29%.

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.

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