Drucker Wealth 3.0 LLC Purchases New Stake in FactSet Research Systems Inc. $FDS

Drucker Wealth 3.0 LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,239 shares of the business services provider’s stock, valued at approximately $650,000.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Corp purchased a new position in FactSet Research Systems in the third quarter valued at approximately $25,000. Cromwell Holdings LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at approximately $26,000. WPG Advisers LLC raised its holdings in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the period. Winnow Wealth LLC purchased a new position in FactSet Research Systems in the third quarter valued at approximately $28,000. Finally, Field & Main Bank purchased a new position in FactSet Research Systems in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.1%

FDS stock opened at $223.66 on Friday. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $474.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.15 billion, a P/E ratio of 14.38, a PEG ratio of 1.94 and a beta of 0.69. The firm has a 50 day simple moving average of $218.72 and a 200-day simple moving average of $250.38.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter last year, the company earned $4.28 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.65 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio is 28.30%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Barclays lowered their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. The Goldman Sachs Group lowered their price objective on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Bank of America began coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. Finally, Royal Bank Of Canada lowered their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Company 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.