FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Marshall Financial Group LLC

Marshall Financial Group LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,711 shares of the business services provider’s stock after purchasing an additional 131 shares during the quarter. Marshall Financial Group LLC’s holdings in FactSet Research Systems were worth $1,233,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Allworth Financial LP lifted its stake in FactSet Research Systems by 19.1% in the fourth 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. Private Trust Co. NA raised its position in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. Kolinsky Wealth Management LLC raised its position in FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. Fifth Third Bancorp increased its stake in FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider’s stock valued at $668,000 after purchasing an additional 23 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock worth $583,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s 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 sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Performance

Shares of FDS opened at $424.46 on Friday. The company has a 50-day simple moving average of $439.27 and a 200-day simple moving average of $454.80. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16.11 billion, a PE ratio of 30.43, a P/E/G ratio of 2.93 and a beta of 0.86. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Analysts Set New Price Targets

Several research firms have commented on FDS. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. UBS Group dropped their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note 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 for the company in a research report on Friday, March 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $448.00.

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.