Bleakley Financial Group LLC Acquires 44 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Bleakley Financial Group LLC raised its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 714 shares of the business services provider’s stock after purchasing an additional 44 shares during the quarter. Bleakley Financial Group LLC’s holdings in FactSet Research Systems were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Advisory Services Inc. grew its stake in 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 valued at $405,000 after purchasing an additional 38 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of FactSet Research Systems by 0.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 10,418 shares of the business services provider’s stock worth $4,953,000 after acquiring an additional 37 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of FactSet Research Systems by 7.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,277 shares of the business services provider’s stock worth $1,086,000 after acquiring an additional 159 shares during the period. CENTRAL TRUST Co grew its stake in shares of 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 acquiring an additional 29 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of FactSet Research Systems by 14.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,862 shares of the business services provider’s stock worth $1,842,000 after acquiring an additional 491 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $426.24 on Monday. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.62 and a beta of 0.72. 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 Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. The stock’s 50-day moving average is $459.31 and its 200 day moving average is $456.36.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share 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 analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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 dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio is 31.04%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets increased their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Wolfe Research assumed coverage on FactSet Research Systems in a report on Thursday. They set an “underperform” rating and a $430.00 price objective on the stock. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $442.70.

About FactSet Research Systems

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.