644 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 644 shares of the business services provider’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $29,000. American National Bank & Trust purchased a new position in FactSet Research Systems during the 1st quarter valued at $44,000. MassMutual Private Wealth & Trust FSB grew its position in FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 28 shares during the last quarter. CX Institutional purchased a new stake in FactSet Research Systems in the first quarter worth $60,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of FactSet Research Systems during the first quarter worth $60,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In other 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 completion of the sale, the chief accounting officer now 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 through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on FDS shares. Morgan Stanley restated an “underweight” rating on shares of FactSet Research Systems in a report on Friday. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating in a research note on Friday. UBS Group reaffirmed a “neutral” rating on shares of FactSet Research Systems in a research note on Friday. Royal Bank Of Canada reissued a “sector perform” rating on shares of FactSet Research Systems in a research note on Friday. Finally, Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday, June 16th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $445.25.

FactSet Research Systems Price Performance

Shares of FDS opened at $422.87 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.47 and a current ratio of 1.47. The company has a 50 day moving average price of $440.15 and a 200-day moving average price of $452.05. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock has a market capitalization of $16.05 billion, a PE ratio of 30.08, a PEG ratio of 2.80 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.07% and a return on equity of 32.91%. FactSet Research Systems’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.22 earnings per share. Equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were issued a $1.10 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.29%.

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.