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

Total Wealth Planning & Management Inc. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,959 shares of the business services provider’s stock, valued at approximately $568,000.

Several other institutional investors also recently modified their holdings of FDS. Mattern Capital Management LLC lifted its position in shares of FactSet Research Systems by 48.8% during the 4th quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after buying an additional 9,971 shares during the period. Nuance Investments LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $2,733,000. Fiera Capital Corp lifted its position in shares of FactSet Research Systems by 5.3% during the 3rd quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock worth $80,271,000 after buying an additional 14,133 shares during the period. Mcdonald Capital Investors Inc. CA bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $28,320,000. Finally, Heron Bay Capital Management lifted its position in shares of FactSet Research Systems by 52.6% during the 3rd quarter. Heron Bay Capital Management now owns 55,359 shares of the business services provider’s stock worth $15,860,000 after buying an additional 19,072 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.9%

Shares of FDS opened at $255.63 on Friday. The stock has a fifty day moving average price of $226.02 and a two-hundred day moving average price of $244.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $453.41. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.20 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the previous year, the company posted $4.28 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts predict that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio is presently 29.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FDS. Royal Bank Of Canada cut their target price on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Barclays cut their target price on 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 cut their target price on 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. UBS Group cut their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company raised their target price on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and an average target price of $279.62.

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.