Janney Montgomery Scott LLC Buys 14,514 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Janney Montgomery Scott LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 39.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,674 shares of the business services provider’s stock after buying an additional 14,514 shares during the period. Janney Montgomery Scott LLC owned 0.14% of FactSet Research Systems worth $23,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Savant Capital LLC increased its position in FactSet Research Systems by 8.9% during the 4th quarter. Savant Capital LLC now owns 562 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 46 shares during the period. Van ECK Associates Corp boosted its stake in shares of FactSet Research Systems by 3.9% in the 4th quarter. Van ECK Associates Corp now owns 8,267 shares of the business services provider’s stock valued at $3,970,000 after purchasing an additional 311 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of FactSet Research Systems by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,241 shares of the business services provider’s stock worth $6,929,000 after buying an additional 359 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in FactSet Research Systems by 19.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 717 shares of the business services provider’s stock worth $345,000 after buying an additional 119 shares during the last quarter. Finally, Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were 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. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FDS. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research note on Friday, March 21st. Evercore ISI lowered their target price on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a report on Monday. Finally, UBS Group cut their price target 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. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $445.25.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $423.92 on Wednesday. The business has a 50-day simple moving average of $440.10 and a 200 day simple moving average of $453.13. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.78 and a beta of 0.86.

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, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 32.91% and a net margin of 24.07%. The firm 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 company posted $4.22 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

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

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.