FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 14.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,820 shares of the business services provider’s stock after acquiring an additional 234 shares during the quarter. Institute for Wealth Management LLC.’s holdings in FactSet Research Systems were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FDS. International Assets Investment Management LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $45,288,000. Cerity Partners LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth about $382,000. Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems in the fourth quarter worth about $70,000. Signaturefd LLC lifted its holdings in shares of FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after purchasing an additional 23 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in FactSet Research Systems by 2.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,690 shares of the business services provider’s stock valued at $1,760,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FDS shares. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Jefferies Financial Group decreased their price objective on 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 investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average price target of $432.27.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $0.98 on Friday, hitting $408.97. The company’s stock had a trading volume of 206,879 shares, compared to its average volume of 256,308. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. 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 firm has a fifty day moving average price of $414.11 and a 200-day moving average price of $432.50.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.79 earnings per share. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,166,000. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,117,216 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.