Nicholson Wealth Management Group LLC Boosts Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Nicholson Wealth Management Group LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 90.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,287 shares of the business services provider’s stock after buying an additional 1,560 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in FactSet Research Systems were worth $1,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FDS. Exchange Traded Concepts LLC increased its position in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after buying an additional 128 shares in the last quarter. Blue Trust Inc. increased its position in shares of FactSet Research Systems by 64.0% in the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $105,000 after buying an additional 89 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of FactSet Research Systems by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock valued at $1,614,000 after buying an additional 1,708 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $38,909,000. Finally, Lafayette Investments Inc. increased its position in shares of FactSet Research Systems by 9.6% in the third quarter. Lafayette Investments Inc. now owns 729 shares of the business services provider’s stock valued at $335,000 after buying an additional 64 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $466.39 on Friday. The stock’s fifty day moving average is $469.87 and its two-hundred day moving average is $459.00. The firm has a market capitalization of $17.74 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 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 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 earnings per share. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FDS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Finally, Morgan Stanley lifted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $453.23.

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.