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

Institute for Wealth Management LLC. lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,147 shares of the business services provider’s stock after selling 29 shares during the quarter. Institute for Wealth Management LLC.’s holdings in FactSet Research Systems were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FDS. AQR Capital Management LLC grew its stake in FactSet Research Systems by 68.8% during the 2nd quarter. AQR Capital Management LLC now owns 14,994 shares of the business services provider’s stock valued at $6,122,000 after purchasing an additional 6,111 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of FactSet Research Systems by 20.8% in the 2nd quarter. NewEdge Advisors LLC now owns 5,266 shares of the business services provider’s stock valued at $2,150,000 after acquiring an additional 908 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of FactSet Research Systems by 8.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,734 shares of the business services provider’s stock valued at $2,755,000 after acquiring an additional 529 shares during the last quarter. Quarry LP bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at approximately $62,000. Finally, Cetera Investment Advisers increased its holdings in shares of FactSet Research Systems by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock valued at $2,364,000 after acquiring an additional 391 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Trading Up 0.2 %

Shares of FDS stock opened at $473.26 on Friday. 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 1 year low of $391.84 and a 1 year high of $499.87. The stock has a fifty day moving average of $476.59 and a two-hundred day moving average of $454.87. The firm has a market capitalization of $18.00 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the previous year, the firm posted $4.12 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.88%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

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.