Larson Financial Group LLC Has $85,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Larson Financial Group LLC lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 93.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178 shares of the business services provider’s stock after buying an additional 86 shares during the quarter. Larson Financial Group LLC’s holdings in FactSet Research Systems were worth $85,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in FactSet Research Systems during the fourth quarter worth about $1,174,000. Stratos Wealth Partners LTD. raised its position in shares of FactSet Research Systems by 12.6% in the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after buying an additional 237 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $2,024,000. Cookson Peirce & Co. Inc. bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $8,833,000. Finally, abrdn plc grew its position in FactSet Research Systems by 17.4% during the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock worth $32,874,000 after buying an additional 10,230 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FDS shares. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research assumed coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price on the stock. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $418.71 on Friday. The company’s 50 day moving average price is $451.29 and its two-hundred day moving average price is $455.19. The firm has a market capitalization of $15.96 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities analysts forecast that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

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.