Prospera Private Wealth LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Prospera Private Wealth LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 259 shares of the business services provider’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDS. Andina Capital Management LLC increased its stake in FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 26 shares during the period. Argent Trust Co raised its holdings in shares of FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after buying an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of FactSet Research Systems by 4.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after buying an additional 32 shares during the period. HBK Sorce Advisory LLC boosted its stake in FactSet Research Systems by 4.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after buying an additional 34 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its position in FactSet Research Systems by 2.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 1,861 shares of the business services provider’s stock valued at $856,000 after acquiring an additional 37 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Activity

In related news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. BMO Capital Markets boosted their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Stock Up 2.3 %

Shares of FDS stock opened at $485.51 on Friday. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 3.09 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The firm has a fifty day moving average of $465.20 and a 200-day moving average of $435.23. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

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.