Benjamin Edwards Inc. Purchases 433 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Benjamin Edwards Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,962 shares of the business services provider’s stock after purchasing an additional 433 shares during the period. Benjamin Edwards Inc.’s holdings in FactSet Research Systems were worth $943,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FDS. Tidal Investments LLC lifted its holdings in FactSet Research Systems by 9.0% during the third quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider’s stock worth $1,166,000 after acquiring an additional 209 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of FactSet Research Systems by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider’s stock valued at $5,687,000 after purchasing an additional 669 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of FactSet Research Systems by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider’s stock valued at $22,437,000 after purchasing an additional 1,443 shares during the period. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC raised its holdings in FactSet Research Systems by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,277 shares of the business services provider’s stock worth $613,000 after buying an additional 79 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $448.95 on Friday. 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 business’s 50 day moving average price is $432.37 and its two-hundred day moving average price is $458.45. The company has a market cap of $17.04 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate 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 business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the firm posted $4.22 EPS. FactSet Research Systems’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is currently 31.29%.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm’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 transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FDS shares. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. UBS Group decreased their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $436.90.

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.