CoreCap Advisors LLC Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

CoreCap Advisors LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,334 shares of the business services provider’s stock after acquiring an additional 159 shares during the period. CoreCap Advisors LLC’s holdings in FactSet Research Systems were worth $641,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FDS. Cary Street Partners Financial LLC purchased a new stake in FactSet Research Systems in the fourth quarter worth $29,000. Allworth Financial LP grew its position in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in FactSet Research Systems during the 4th quarter valued at about $102,000. Finally, Private Trust Co. NA boosted its stake in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Up 1.3 %

Shares of FactSet Research Systems stock opened at $454.21 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company’s 50 day moving average is $432.58 and its 200 day moving average is $458.37.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the company posted $4.22 earnings per share. FactSet Research Systems’s revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.97%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. FactSet Research Systems’s payout ratio is 31.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FDS. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. BMO Capital Markets reduced their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. 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 note on Monday, March 10th. Finally, UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.