FactSet Research Systems Inc. $FDS Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 45.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,298 shares of the business services provider’s stock after selling 13,798 shares during the period. Marks Group Wealth Management Inc’s holdings in FactSet Research Systems were worth $4,730,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $26,000. WPG Advisers LLC grew its position in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the period. Geneos Wealth Management Inc. grew its position in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares during the period. Field & Main Bank acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $29,000. Finally, BOKF NA grew its position in shares of FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 102 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $246.36 on Tuesday. The company’s 50-day moving average price is $228.26 and its 200-day moving average price is $243.91. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.97 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.22 and a beta of 0.71. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period last year, the firm posted $4.28 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be paid a $1.16 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 1.9%. FactSet Research Systems’s dividend payout ratio is 29.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FDS shares. Royal Bank Of Canada dropped their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group decreased their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Barclays decreased their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Finally, Bank of America started coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $279.62.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.