Focus Partners Advisor Solutions LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,834 shares of the business services provider’s stock, valued at approximately $1,112,000.
Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC increased its stake in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $29,000. BOKF NA grew its holdings in shares of FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Navalign LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at $32,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $32,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Trading Down 0.1%
Shares of FactSet Research Systems stock opened at $283.25 on Monday. The stock has a market cap of $10.08 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.70. The firm has a fifty day moving average price of $252.22 and a 200 day moving average price of $232.17. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $387.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68.
FactSet Research Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be paid a $1.16 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio is presently 30.57%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on FDS shares. Deutsche Bank Aktiengesellschaft raised their target price on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Jefferies Financial Group increased their price objective on FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a research note on Thursday, June 18th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Finally, Bank of America upped their target price on FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $253.00.
Get Our Latest Stock Report on FDS
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.
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