Baker Tilly Wealth Management LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,277 shares of the business services provider’s stock after buying an additional 79 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in FactSet Research Systems were worth $613,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of FDS. Raymond James Trust N.A. increased its stake in FactSet Research Systems by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after acquiring an additional 21 shares during the period. Andina Capital Management LLC raised 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 purchasing an additional 26 shares in the last quarter. Argent Trust Co lifted its position in FactSet Research Systems by 2.1% during the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after purchasing an additional 27 shares during the period. Legacy Financial Advisors Inc. grew its stake in FactSet Research Systems by 4.0% during the second 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 in the last quarter. Finally, HBK Sorce Advisory LLC increased its holdings 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 during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
FactSet Research Systems Trading Down 2.2 %
FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the firm earned $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.
FactSet Research Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.
Analyst Upgrades and Downgrades
FDS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. 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 research note 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 downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $453.46.
Get Our Latest Analysis on FactSet Research Systems
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.
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