Spire Wealth Management Buys 1,805 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Spire Wealth Management increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,750 shares of the business services provider's stock after purchasing an additional 1,805 shares during the quarter. Spire Wealth Management's holdings in FactSet Research Systems were worth $5,445,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FDS. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC grew its stake in shares of FactSet Research Systems by 820.0% during the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider's stock valued at $40,000 after purchasing an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its stake in FactSet Research Systems by 69.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider's stock valued at $40,000 after acquiring an additional 34 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in FactSet Research Systems in the third quarter valued at approximately $46,000. Finally, CVA Family Office LLC bought a new position in FactSet Research Systems in the fourth quarter valued at approximately $49,000. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the sale, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Goran Skoko sold 4,106 shares of FactSet Research Systems stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $428.57, for a total value of $1,759,708.42. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company's stock, valued at approximately $2,255,135.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares of the company's stock, valued at approximately $30,204. The disclosure for this sale can be found here. Insiders have sold a total of 14,772 shares of company stock worth $6,371,121 over the last ninety days. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a "sell" rating in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reaffirmed a "market perform" rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research initiated coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an "underperform" rating and a $430.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a "market perform" rating in a research note on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and a consensus target price of $442.70.

FactSet Research Systems Stock Up 1.8 %

Shares of NYSE:FDS traded up $7.83 during midday trading on Monday, reaching $436.08. 199,901 shares of the company were exchanged, compared to its average volume of 239,885. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $446.95 and a two-hundred day simple moving average of $454.10. The firm has a market cap of $16.62 billion, a PE ratio of 34.53, a P/E/G ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts' consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 15.82 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems's dividend payout ratio (DPR) is presently 32.94%.

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.