New Age Alpha Advisors LLC Purchases 3,559 Shares of FactSet Research Systems Inc. $FDS

New Age Alpha Advisors LLC increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 128.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,319 shares of the business services provider’s stock after purchasing an additional 3,559 shares during the period. New Age Alpha Advisors LLC’s holdings in FactSet Research Systems were worth $1,834,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FDS. Jones Financial Companies Lllp lifted its holdings in shares of FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of FactSet Research Systems by 27.6% in the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Royal Bank Of Canada cut their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. UBS Group cut their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company increased their price target on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Finally, Barclays lowered their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Trading Down 0.2%

NYSE FDS opened at $231.50 on Wednesday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 14.89, a PEG ratio of 2.01 and a beta of 0.69. The business has a fifty day simple moving average of $219.86 and a 200 day simple moving average of $245.06. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $469.43. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The business had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.28 EPS. On average, analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.0%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is 28.30%.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.