SG Americas Securities LLC Acquires 1,703 Shares of FactSet Research Systems Inc. (NYSE:FDS)

SG Americas Securities LLC lifted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 160.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,766 shares of the business services provider's stock after purchasing an additional 1,703 shares during the quarter. SG Americas Securities LLC's holdings in FactSet Research Systems were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of 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 purchasing an additional 22 shares during the last quarter. Private Trust Co. NA grew its stake in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the last quarter. Kolinsky Wealth Management LLC boosted its stake in FactSet Research Systems by 3.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in FactSet Research Systems by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after purchasing an additional 24 shares during the last quarter. Finally, Geller Advisors LLC boosted its stake in FactSet Research Systems by 5.6% during the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock valued at $225,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FDS shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets dropped their price target on 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. Evercore ISI decreased 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. Finally, Morgan Stanley decreased 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 note on Friday, March 21st. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $445.25.

FactSet Research Systems Price Performance

Shares of FDS opened at $421.28 on Tuesday. The firm has a market capitalization of $15.99 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company's fifty day moving average price is $440.17 and its 200-day moving average price is $453.33.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the company earned $4.22 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

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