426 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Great Diamond Partners LLC

Great Diamond Partners LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 426 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of 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 buying an additional 6,111 shares in the last quarter. NewEdge Advisors LLC raised its holdings in FactSet Research Systems by 20.8% during the second 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 period. Northwestern Mutual Wealth Management Co. lifted its position in shares of FactSet Research Systems by 8.5% in the second 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 in the last quarter. Quarry LP purchased a new position in shares of FactSet Research Systems in the second quarter valued at about $62,000. Finally, Cetera Investment Advisers boosted its stake in shares of FactSet Research Systems by 7.2% in the second quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock worth $2,364,000 after acquiring an additional 391 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Trading Up 0.2 %

FDS opened at $473.26 on Friday. The stock has a 50-day moving average of $476.59 and a 200 day moving average of $454.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm has a market cap of $18.00 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.92 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 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 firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the previous year, the business earned $4.12 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

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.