Wellington Wealth Strategies LLC. Purchases New Position in FactSet Research Systems Inc. (NYSE:FDS)

Wellington Wealth Strategies LLC. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,244 shares of the business services provider's stock, valued at approximately $1,490,000. FactSet Research Systems comprises approximately 1.4% of Wellington Wealth Strategies LLC.'s portfolio, making the stock its 26th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems during the 4th quarter valued at $29,000. Allworth Financial LP grew its holdings in FactSet Research Systems by 19.1% during the 4th 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. Smartleaf Asset Management LLC grew its holdings in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after buying an additional 33 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in FactSet Research Systems during the 4th quarter valued at $102,000. Finally, Private Trust Co. NA grew its holdings in FactSet Research Systems by 8.2% during the 4th 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 last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was 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 of the company's stock, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. BMO Capital Markets reduced their price target on 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. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, Morgan Stanley reduced their price target on 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. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Trading Down 0.0%

Shares of FDS traded down $0.18 during trading hours on Thursday, hitting $464.13. The stock had a trading volume of 267,018 shares, compared to its average volume of 292,058. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $17.61 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.93 and a beta of 0.88. The company's fifty day simple moving average is $437.49 and its 200 day simple moving average is $458.77. 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 issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $4.22 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

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.