Portside Wealth Group LLC Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Portside Wealth Group LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,472 shares of the business services provider’s stock after acquiring an additional 142 shares during the period. Portside Wealth Group LLC’s holdings in FactSet Research Systems were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in FDS. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares in the last quarter. Private Trust Co. NA increased its holdings in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 22 shares in the last quarter. Kolinsky Wealth Management LLC raised its position in FactSet Research Systems by 3.2% during the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after acquiring an additional 23 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 24 shares during the last quarter. Finally, Geller Advisors LLC lifted its stake in FactSet Research Systems by 5.6% in the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider’s stock valued at $225,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 4.6%

Shares of FactSet Research Systems stock opened at $435.67 on Wednesday. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a market capitalization of $16.53 billion, a PE ratio of 31.23, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50-day moving average of $440.70 and a 200-day moving average of $457.31.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a $1.10 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FDS. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Tuesday. UBS Group decreased their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $440.22.

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.