abrdn plc grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,911 shares of the business services provider's stock after purchasing an additional 10,230 shares during the period. abrdn plc owned approximately 0.18% of FactSet Research Systems worth $32,874,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in FactSet Research Systems during the fourth quarter valued at about $1,174,000. Stratos Wealth Partners LTD. boosted its position in FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider's stock worth $926,000 after acquiring an additional 237 shares during the period. Advisors Preferred LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth about $2,024,000. Cookson Peirce & Co. Inc. acquired a new stake in FactSet Research Systems during the 4th quarter worth about $8,833,000. Finally, Nordea Investment Management AB boosted its position in FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider's stock worth $81,723,000 after acquiring an additional 57,502 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.
FactSet Research Systems Stock Performance
Shares of NYSE:FDS traded down $18.42 during trading on Tuesday, hitting $420.01. 362,796 shares of the stock were exchanged, compared to its average volume of 242,147. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72. The company's fifty day simple moving average is $453.84 and its 200-day simple moving average is $455.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. Sell-side analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.
FactSet Research Systems Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems's dividend payout ratio is 31.04%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on FDS. The Goldman Sachs Group raised their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a "sell" rating in a research report on Friday, March 22nd. BMO Capital Markets raised their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research note on Monday, March 25th. Stifel Nicolaus reaffirmed a "hold" rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Wolfe Research started coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an "underperform" rating and a $430.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $442.70.
Read Our Latest Stock Report on FDS
Insider Activity at FactSet Research Systems
In related news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company's stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.
About FactSet Research Systems
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Free Report)
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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