FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Dakota Wealth Management

Dakota Wealth Management boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,498 shares of the business services provider’s stock after acquiring an additional 326 shares during the quarter. Dakota Wealth Management’s holdings in FactSet Research Systems were worth $1,200,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems in the third quarter worth about $34,000. Brooklyn Investment Group purchased a new stake in shares of FactSet Research Systems in the third quarter worth about $35,000. Federated Hermes Inc. purchased a new stake in shares of FactSet Research Systems in the second quarter worth about $52,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets decreased their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $453.46.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock opened at $463.99 on Friday. The business has a fifty day moving average of $478.12 and a two-hundred day moving average of $452.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.65 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.12 earnings per share. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

FactSet Research Systems Company 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.