B. Riley Wealth Advisors Inc. Makes New $325,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

B. Riley Wealth Advisors Inc. purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 744 shares of the business services provider’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its stake in shares of FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after buying an additional 237 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock valued at $81,723,000 after buying an additional 57,502 shares during the last quarter. Fiera Capital Corp raised its stake in shares of FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after buying an additional 6,960 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of FactSet Research Systems by 27.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 84,137 shares of the business services provider’s stock valued at $36,800,000 after buying an additional 18,031 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after buying an additional 66,986 shares during the last quarter. Institutional investors and hedge funds own 89.50% of the company’s stock.

FactSet Research Systems Trading Down 0.6 %

FDS opened at $447.78 on Friday. FactSet Research Systems Inc. has a one year low of $377.89 and a one year high of $488.64. The stock has a market capitalization of $17.06 billion, a PE ratio of 36.23, a P/E/G ratio of 2.98 and a beta of 0.73. The business’s 50 day moving average price is $468.71 and its 200 day moving average price is $454.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.68 and a current ratio of 1.68.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 34.47% and a net margin of 22.60%. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 15.76 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is 31.72%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $6,147,798.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $6,147,798.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laurie Siegel sold 1,500 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $475.84, for a total value of $713,760.00. Following the completion of the transaction, the director now directly owns 595 shares in the company, valued at approximately $283,124.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,514 shares of company stock valued at $2,617,640. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on FDS. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday. Barclays restated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday. BMO Capital Markets lifted their price target on FactSet Research Systems from $436.00 to $447.00 and gave the company a “market perform” rating in a research note on Wednesday, December 20th. Finally, The Goldman Sachs Group lifted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $442.89.

Get Our Latest Analysis on FactSet Research Systems

About FactSet Research Systems

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDSFree Report).

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.