Sequoia Financial Advisors LLC Purchases 2,063 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sequoia Financial Advisors LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 237.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,933 shares of the business services provider’s stock after acquiring an additional 2,063 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FactSet Research Systems were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FDS. Tobam boosted its holdings in shares of FactSet Research Systems by 121.8% in the 4th quarter. Tobam now owns 366 shares of the business services provider’s stock worth $175,000 after purchasing an additional 201 shares during the period. International Assets Investment Management LLC purchased a new position in shares of FactSet Research Systems in the 4th quarter worth approximately $45,288,000. Bleakley Financial Group LLC boosted its holdings in shares of FactSet Research Systems by 6.6% in the 4th quarter. Bleakley Financial Group LLC now owns 714 shares of the business services provider’s stock worth $341,000 after purchasing an additional 44 shares during the period. Meeder Advisory Services Inc. boosted its holdings in shares of FactSet Research Systems by 4.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 850 shares of the business services provider’s stock worth $405,000 after purchasing an additional 38 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of FactSet Research Systems by 0.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 10,418 shares of the business services provider’s stock worth $4,953,000 after purchasing an additional 37 shares during the period. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Barclays restated an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price objective on 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 stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $426.24 on Friday. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.63 and a beta of 0.72. The stock has a fifty day simple moving average of $459.31 and a two-hundred day simple moving average of $456.21. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s payout ratio is 31.04%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly 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 is available at 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.