Palumbo Wealth Management LLC Acquires 528 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Palumbo Wealth Management LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 19.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,263 shares of the business services provider’s stock after purchasing an additional 528 shares during the quarter. Palumbo Wealth Management LLC’s holdings in FactSet Research Systems were worth $1,567,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FDS. International Assets Investment Management LLC purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth $38,909,000. Nordea Investment Management AB lifted its holdings in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after buying an additional 52,741 shares during the period. State Street Corp lifted its holdings in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.7 %

Shares of NYSE:FDS opened at $456.24 on Friday. The business’s 50-day moving average is $471.71 and its 200 day moving average is $457.92. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $17.35 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FDS. UBS Group upped 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. BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their price objective on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $453.23.

About FactSet Research Systems

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.