New Age Alpha Advisors LLC Increases Holdings in FactSet Research Systems Inc. $FDS

New Age Alpha Advisors LLC grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 128.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,319 shares of the business services provider’s stock after acquiring an additional 3,559 shares during the quarter. New Age Alpha Advisors LLC’s holdings in FactSet Research Systems were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cromwell Holdings LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at $26,000. WPG Advisers LLC increased 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 purchasing an additional 40 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $28,000. Field & Main Bank purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at $29,000. Finally, BOKF NA increased 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 purchasing an additional 102 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.2%

Shares of FDS opened at $231.50 on Wednesday. The business has a 50-day moving average of $219.86 and a 200 day moving average of $245.06. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $469.43. The firm has a market cap of $8.43 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data 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 return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter last year, the firm posted $4.28 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The business 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. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 2.0%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio is 28.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FDS. UBS Group decreased their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. Bank of America began coverage on FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. Royal Bank Of Canada decreased their price objective on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $279.85.

About FactSet Research Systems

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.