Bay Colony Advisory Group Inc d b a Bay Colony Advisors Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 429 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also modified their holdings of FDS. BKM Wealth Management LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth $1,174,000. Stratos Wealth Partners LTD. boosted its position in shares of FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after purchasing an additional 237 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth $2,024,000. Nordea Investment Management AB boosted its position in shares of FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after purchasing an additional 57,502 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after purchasing an additional 6,960 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on FDS shares. The Goldman Sachs Group boosted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $442.70.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $6,147,798.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 0.7 %

NYSE FDS opened at $426.94 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64. The company has a 50-day moving average of $457.24 and a 200-day moving average of $456.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $16.27 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.61 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. As a group, equities analysts predict that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is currently 31.04%.

FactSet Research Systems 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.