Precision Wealth Strategies LLC Has $391,000 Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Precision Wealth Strategies LLC cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861 shares of the business services provider’s stock after selling 24 shares during the quarter. Precision Wealth Strategies LLC’s holdings in FactSet Research Systems were worth $391,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FDS. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in FactSet Research Systems by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock worth $115,752,000 after purchasing an additional 10,727 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in FactSet Research Systems by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after purchasing an additional 20,787 shares during the period. BKM Wealth Management LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $1,174,000. Advisors Preferred LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $2,024,000. Finally, abrdn plc grew its holdings in FactSet Research Systems by 17.4% in the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock worth $32,874,000 after purchasing an additional 10,230 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now directly owns 5,262 shares in the company, valued at approximately $2,296,336.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,419 shares of company stock worth $11,606,013. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded up $6.65 during mid-day trading on Friday, hitting $423.41. 215,723 shares of the company traded hands, compared to its average volume of 355,166. FactSet Research Systems Inc. has a one year low of $385.27 and a one year high of $488.64. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.48 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The stock has a fifty day moving average price of $421.70 and a 200-day moving average price of $445.88.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same period in the previous year, the business posted $3.79 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that FactSet Research Systems Inc. will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is presently 31.37%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDS. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Barclays reaffirmed an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. 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, Jefferies Financial Group decreased their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $432.00.

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.