Vest Financial LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Vest Financial LLC acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 115,354 shares of the business services provider's stock, valued at approximately $52,445,000. Vest Financial LLC owned about 0.30% of FactSet Research Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after buying an additional 22 shares during the last quarter. Private Trust Co. NA increased its position in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after purchasing an additional 22 shares during the last quarter. Kolinsky Wealth Management LLC increased its position in FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after purchasing an additional 23 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in FactSet Research Systems by 2.0% during the fourth 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 in the last quarter. Finally, Geller Advisors LLC raised its stake in FactSet Research Systems by 5.6% during the fourth 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 in the last quarter. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.3%

FDS stock traded up $1.28 during mid-day trading on Friday, reaching $432.76. 225,627 shares of the stock traded hands, compared to its average volume of 293,296. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The stock has a market capitalization of $16.42 billion, a PE ratio of 31.02, a PEG ratio of 2.93 and a beta of 0.86. The business has a 50-day moving average price of $439.46 and a two-hundred day moving average price of $456.44.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating 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 business had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. During the same quarter in the previous year, the business posted $4.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect 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. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.02%. FactSet Research Systems's dividend payout ratio is presently 31.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FDS shares. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Tuesday. UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley decreased their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $448.00.

Insider Transactions at FactSet Research Systems

In other 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 value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Company 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.