FactSet Research Systems Inc. (NYSE:FDS) Holdings Increased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 31,821 shares of the business services provider’s stock after acquiring an additional 1,279 shares during the period. FactSet Research Systems accounts for 1.4% of Marks Group Wealth Management Inc’s portfolio, making the stock its 8th biggest holding. Marks Group Wealth Management Inc’s holdings in FactSet Research Systems were worth $14,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDS. Amalgamated Bank increased its holdings in FactSet Research Systems by 2.4% in the 3rd quarter. Amalgamated Bank now owns 8,116 shares of the business services provider’s stock worth $3,732,000 after buying an additional 190 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the third quarter worth approximately $26,000. QRG Capital Management Inc. grew its position in FactSet Research Systems by 6.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,127 shares of the business services provider’s stock worth $518,000 after purchasing an additional 69 shares during the period. Angeles Wealth Management LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth $295,000. Finally, Van ECK Associates Corp boosted its stake in shares of FactSet Research Systems by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,956 shares of the business services provider’s stock worth $3,690,000 after buying an additional 752 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,362 shares of company stock valued at $11,450,695 in the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. UBS Group raised their target price on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. BMO Capital Markets raised their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company boosted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $443.57.

FactSet Research Systems Stock Performance

NYSE FDS opened at $468.03 on Wednesday. The stock has a market capitalization of $17.78 billion, a PE ratio of 33.67, a P/E/G ratio of 3.03 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The business has a 50 day simple moving average of $451.96 and a two-hundred day simple moving average of $430.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

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

FactSet Research Systems Company 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.