Vise Technologies Inc. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,186 shares of the business services provider’s stock, valued at approximately $503,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Aurora Investment Counsel acquired a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $1,982,000. West Family Investments Inc. acquired a new position in FactSet Research Systems during the second quarter worth $306,000. Empirical Asset Management LLC bought a new position in FactSet Research Systems in the second quarter valued at $552,000. Danske Bank A S bought a new position in FactSet Research Systems in the second quarter valued at $64,000. Finally, Wealthfront Advisers LLC acquired a new stake in FactSet Research Systems in the 2nd quarter valued at $320,000. 91.24% of the stock is owned by institutional investors.
FactSet Research Systems Trading Up 1.7%
Shares of FactSet Research Systems stock opened at $305.07 on Tuesday. The business has a fifty day simple moving average of $258.40 and a two-hundred day simple moving average of $233.91. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $386.52. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.01 and a beta of 0.70. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio is currently 30.57%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Jefferies Financial Group boosted their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Rothschild & Co Redburn cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a report on Thursday, June 18th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus target price of $253.00.
View Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Company 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.
Featured Stories
- Five stocks we like better than FactSet Research Systems
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.
