Axxcess Wealth Management LLC Buys 700 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Axxcess Wealth Management LLC lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 24.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,598 shares of the business services provider’s stock after purchasing an additional 700 shares during the period. Axxcess Wealth Management LLC’s holdings in FactSet Research Systems were worth $1,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $1,174,000. Stratos Wealth Partners LTD. raised its stake in FactSet Research Systems by 12.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 237 shares during the period. Advisors Preferred LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at $2,024,000. abrdn plc raised its stake in FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the period. Finally, Cookson Peirce & Co. Inc. bought a new stake in FactSet Research Systems in the 4th quarter valued at $8,833,000. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,363,082.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The disclosure for this sale can be found here. Insiders have sold a total of 6,330 shares of company stock worth $2,740,515 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $428.25 on Monday. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $16.32 billion, a PE ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73. The stock has a 50-day moving average price of $446.95 and a two-hundred day moving average price of $454.10.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. Analysts expect that FactSet Research Systems Inc. will post 15.82 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $1.04 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s payout ratio is presently 32.94%.

Analyst Ratings Changes

A number of research firms recently weighed in on FDS. The Goldman Sachs Group increased their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Stifel Nicolaus reissued a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Finally, Barclays reaffirmed an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $442.70.

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.