Planned Solutions Inc. Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Planned Solutions Inc. purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 220 shares of the business services provider’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in FactSet Research Systems by 28.8% in the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after buying an additional 23 shares in the last quarter. Naples Global Advisors LLC raised its position in FactSet Research Systems by 0.9% in the 3rd quarter. Naples Global Advisors LLC now owns 2,875 shares of the business services provider’s stock valued at $1,257,000 after purchasing an additional 25 shares during the last quarter. Covestor Ltd boosted its stake in FactSet Research Systems by 82.9% in the second quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock worth $26,000 after purchasing an additional 29 shares in the last quarter. Institutional & Family Asset Management LLC raised its holdings in shares of FactSet Research Systems by 0.3% in the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after buying an additional 29 shares during the last quarter. Finally, Ascent Group LLC grew its stake in shares of FactSet Research Systems by 5.7% during the third quarter. Ascent Group LLC now owns 538 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 29 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

FDS has been the subject of several analyst reports. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Barclays reiterated an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets upped their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $444.11.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $6,147,798.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 0.8 %

Shares of FactSet Research Systems stock opened at $447.38 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79. The stock has a market cap of $17.04 billion, a PE ratio of 35.42, a PEG ratio of 2.74 and a beta of 0.73. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64. The firm has a 50-day moving average of $467.69 and a 200-day moving average of $455.47.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 15.78 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s payout ratio is 31.04%.

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.