FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,490 shares of the business services provider’s stock after purchasing an additional 67 shares during the period. FactSet Research Systems accounts for 1.5% of Marks Group Wealth Management Inc’s portfolio, making the stock its 7th largest position. Marks Group Wealth Management Inc’s holdings in FactSet Research Systems were worth $13,114,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of FactSet Research Systems by 4.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 43,356 shares of the business services provider’s stock worth $20,634,000 after acquiring an additional 1,681 shares in the last quarter. Larson Financial Group LLC increased its position in shares of FactSet Research Systems by 93.5% in the fourth quarter. Larson Financial Group LLC now owns 178 shares of the business services provider’s stock worth $85,000 after acquiring an additional 86 shares in the last quarter. California Public Employees Retirement System increased its position in shares of FactSet Research Systems by 1.5% in the fourth quarter. California Public Employees Retirement System now owns 206,074 shares of the business services provider’s stock worth $98,308,000 after acquiring an additional 3,110 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $816,000. Finally, CWM LLC increased its position in shares of FactSet Research Systems by 8.1% in the fourth quarter. CWM LLC now owns 855 shares of the business services provider’s stock worth $408,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays restated an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets upped 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. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research assumed coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $4.55 during trading hours on Monday, reaching $438.57. The company’s stock had a trading volume of 286,392 shares, compared to its average volume of 240,582. The company’s 50 day simple moving average is $453.84 and its 200 day simple moving average is $455.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The stock has a market cap of $16.72 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping 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 business had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. As a group, analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.