FactSet Research Systems Inc. $FDS Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 52.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,367 shares of the business services provider’s stock after buying an additional 2,180 shares during the quarter. Corient Private Wealth LLC’s holdings in FactSet Research Systems were worth $1,848,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of FactSet Research Systems by 5.6% in the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after acquiring an additional 91 shares during the last quarter. Empowered Funds LLC raised its stake in FactSet Research Systems by 27.6% in the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 210 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 51 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock valued at $2,347,000 after purchasing an additional 707 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Up 0.6%

Shares of FactSet Research Systems stock opened at $233.20 on Tuesday. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.93 and a beta of 0.71. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $453.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day moving average of $230.84 and a 200 day moving average of $238.76.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. During the same quarter last year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group downgraded shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Wednesday, June 24th. Royal Bank Of Canada lowered their price target on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $267.69.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.