Focus Partners Wealth Acquires 1,560 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Focus Partners Wealth raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 88.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,318 shares of the business services provider's stock after buying an additional 1,560 shares during the quarter. Focus Partners Wealth's holdings in FactSet Research Systems were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FDS. Cary Street Partners Financial LLC purchased a new stake in FactSet Research Systems in the 4th quarter worth approximately $29,000. Allworth Financial LP raised its holdings in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $102,000. Finally, Private Trust Co. NA raised its stake 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 buying an additional 22 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS traded down $0.05 during trading hours on Tuesday, hitting $470.34. The company's stock had a trading volume of 326,629 shares, compared to its average volume of 290,507. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company's 50 day simple moving average is $435.59 and its two-hundred day simple moving average is $458.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $17.85 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

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 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.22 earnings per share. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.94%. FactSet Research Systems's payout ratio is presently 31.29%.

Analysts Set New Price Targets

FDS has been the topic of several recent research reports. 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. UBS Group lowered 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. Morgan Stanley cut their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $436.90.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

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.