CX Institutional Invests $60,000 in FactSet Research Systems Inc. (NYSE:FDS)

CX Institutional purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 131 shares of the business services provider’s stock, valued at approximately $60,000.

Several other institutional investors also recently bought and sold shares of FDS. SG Americas Securities LLC grew its position in shares of FactSet Research Systems by 160.2% in the 1st quarter. SG Americas Securities LLC now owns 2,766 shares of the business services provider’s stock worth $1,258,000 after acquiring an additional 1,703 shares in the last quarter. Accurate Wealth Management LLC bought a new position in shares of FactSet Research Systems in the 1st quarter valued at approximately $2,561,000. Harbor Capital Advisors Inc. lifted its position in shares of FactSet Research Systems by 2.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,355 shares of the business services provider’s stock worth $1,980,000 after purchasing an additional 105 shares during the last quarter. Yousif Capital Management LLC raised its holdings in FactSet Research Systems by 267.9% in the 1st quarter. Yousif Capital Management LLC now owns 17,017 shares of the business services provider’s stock valued at $7,737,000 after acquiring an additional 12,391 shares in the last quarter. Finally, Clean Yield Group raised its holdings in shares of FactSet Research Systems by 18.0% in the 1st quarter. Clean Yield Group now owns 177 shares of the business services provider’s stock worth $80,000 after buying an additional 27 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research analyst reports. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley cut their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Evercore ISI lowered their price target on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Finally, BMO Capital Markets decreased their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $445.25.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $421.28 on Tuesday. The company has a market capitalization of $15.99 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.93 and a beta of 0.86. The business has a 50 day moving average of $440.17 and a 200-day moving average of $453.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.22 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $1.10 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.04%. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

FactSet Research Systems Company 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.