Total Wealth Planning & Management Inc. Invests $568,000 in FactSet Research Systems Inc. $FDS

Total Wealth Planning & Management Inc. acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,959 shares of the business services provider’s stock, valued at approximately $568,000.

A number of other institutional investors and hedge funds have also modified their holdings of FDS. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after buying an additional 13,854,613 shares during the last quarter. Norges Bank acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $151,492,000. M&T Bank Corp lifted its stake in shares of FactSet Research Systems by 3,285.3% in the fourth quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock worth $89,356,000 after buying an additional 298,827 shares during the last quarter. Two Sigma Investments LP grew its holdings in FactSet Research Systems by 1,356.3% in the 3rd quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock valued at $80,151,000 after buying an additional 260,557 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in FactSet Research Systems by 69.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 455,371 shares of the business services provider’s stock valued at $132,144,000 after buying an additional 186,665 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Wells Fargo & Company raised their target price on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a report on Wednesday, April 1st. UBS Group lowered their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Royal Bank Of Canada lowered their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, Barclays lowered their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Reduce” and an average target price of $279.62.

FactSet Research Systems Stock Performance

FDS opened at $255.63 on Friday. The firm has a market capitalization of $9.31 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.71. The stock’s 50 day moving average price is $226.02 and its two-hundred day moving average price is $244.22. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $453.41.

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 for the quarter, compared to analyst estimates of $604.78 million. During the same quarter last year, the firm earned $4.28 EPS. FactSet Research Systems’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is 29.84%.

FactSet Research Systems Profile

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.