TCW Group Inc. Buys 541 Shares of FactSet Research Systems Inc. (NYSE:FDS)

TCW Group Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,293 shares of the business services provider’s stock after acquiring an additional 541 shares during the period. TCW Group Inc.’s holdings in FactSet Research Systems were worth $7,295,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Signaturefd LLC lifted its stake in shares of FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 23 shares during the period. Drive Wealth Management LLC grew its holdings in shares of FactSet Research Systems by 5.2% during the fourth quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after buying an additional 24 shares in the last quarter. Institutional & Family Asset Management LLC grew its stake in FactSet Research Systems by 0.3% in the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after purchasing an additional 29 shares in the last quarter. CENTRAL TRUST Co grew its stake in FactSet Research Systems by 23.0% in the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 29 shares in the last quarter. Finally, Palisade Asset Management LLC grew its stake in FactSet Research Systems by 2.6% in the third quarter. Palisade Asset Management LLC now owns 1,185 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDS. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reiterated an “equal weight” rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets lifted their target price 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. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $443.56.

Read Our Latest Stock Analysis on FactSet Research Systems

Insider Buying and Selling at FactSet Research Systems

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 stock was sold at an average price of $419.50, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. Insiders sold 20,987 shares of company stock valued at $9,083,347 in the last three months. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS traded down $2.07 during mid-day trading on Friday, hitting $434.29. 69,864 shares of the stock were exchanged, compared to its average volume of 234,431. The stock has a market capitalization of $16.56 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. The firm’s 50-day simple moving average is $439.60 and its 200 day simple moving average is $454.77. 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 Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings results 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. The business had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a yield of 0.96%. FactSet Research Systems’s payout ratio is currently 31.04%.

FactSet Research Systems Profile

(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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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