CoreCap Advisors LLC Buys New Shares in FactSet Research Systems Inc. (NYSE:FDS)

CoreCap Advisors LLC acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 605 shares of the business services provider’s stock, valued at approximately $288,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in FactSet Research Systems by 28.8% in the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after purchasing an additional 23 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of FactSet Research Systems by 0.9% during the 3rd quarter. Naples Global Advisors LLC now owns 2,875 shares of the business services provider’s stock valued at $1,257,000 after acquiring an additional 25 shares during the period. Covestor Ltd grew its position in shares of FactSet Research Systems by 82.9% during the 2nd quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 29 shares during the period. Institutional & Family Asset Management LLC grew its position in shares of FactSet Research Systems by 0.3% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after acquiring an additional 29 shares during the period. Finally, Ascent Group LLC grew its position in shares of FactSet Research Systems by 5.7% during the 3rd quarter. Ascent Group LLC now owns 538 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 29 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $447.38 on Thursday. The firm’s fifty day moving average price is $467.69 and its 200-day moving average price is $455.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79. The stock has a market cap of $17.04 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 2.74 and a beta of 0.73. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, equities research analysts expect that FactSet Research Systems Inc. will post 15.78 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FDS shares. BMO Capital Markets increased 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 report on Monday. The Goldman Sachs Group upped their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Stifel Nicolaus restated 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 restated an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $480.00 price target (up from $471.00) on shares of FactSet Research Systems in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $444.11.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $6,147,798.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

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.