Captrust Financial Advisors Acquires 40 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Captrust Financial Advisors raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,901 shares of the business services provider’s stock after purchasing an additional 40 shares during the quarter. Captrust Financial Advisors’ holdings in FactSet Research Systems were worth $2,354,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the fourth quarter valued at approximately $69,128,000. Geode Capital Management LLC raised its stake in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after buying an additional 94,668 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of FactSet Research Systems by 4,104.5% during the 4th quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after buying an additional 74,620 shares during the period. Invesco Ltd. lifted its holdings in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after buying an additional 66,861 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of FactSet Research Systems in the 4th quarter worth $31,975,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 1.3%

Shares of FDS opened at $454.21 on Monday. The firm has a market cap of $17.24 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a 50 day simple moving average of $432.58 and a two-hundred day simple moving average of $458.35.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.22 EPS. On average, equities analysts expect 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 will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 0.97%. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FDS shares. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $436.90.

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.