439 Shares in FactSet Research Systems Inc. (NYSE:FDS) Bought by Trust Asset Management LLC

Trust Asset Management LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 439 shares of the business services provider’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake 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 during the period. Signaturefd LLC lifted its position in FactSet Research Systems by 6.5% during the 4th quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after buying an additional 23 shares in the last quarter. Drive Wealth Management LLC lifted its position in FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after buying an additional 24 shares in the last quarter. Institutional & Family Asset Management LLC lifted its position in 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 worth $4,224,000 after buying an additional 29 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in FactSet Research Systems by 23.0% during the 4th quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after buying an additional 29 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FDS shares. Stifel Nicolaus reissued a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Barclays reissued an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group upped their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded down $4.12 during trading hours on Thursday, hitting $418.71. The company had a trading volume of 180,114 shares, compared to its average volume of 242,074. The firm has a market cap of $15.96 billion, a PE ratio of 33.15, a PEG ratio of 2.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick 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 firm has a 50-day moving average of $451.29 and a 200 day moving average of $455.19.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.94%. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

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.