FactSet Research Systems Inc. (NYSE:FDS) Holdings Raised by Spire Wealth Management

Spire Wealth Management increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 18.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,750 shares of the business services provider’s stock after acquiring an additional 1,805 shares during the period. Spire Wealth Management’s holdings in FactSet Research Systems were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FDS. SG Americas Securities LLC grew its stake in FactSet Research Systems by 133.2% during the 3rd quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after buying an additional 2,646 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of FactSet Research Systems by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 16,215 shares of the business services provider’s stock worth $7,090,000 after purchasing an additional 638 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of FactSet Research Systems by 15.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,972 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 389 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in shares of FactSet Research Systems in the third quarter worth $207,000. Finally, Stratos Wealth Partners LTD. grew its stake 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 worth $926,000 after purchasing an additional 237 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Up 1.8 %

Shares of NYSE FDS traded up $7.83 during mid-day trading on Monday, hitting $436.08. 199,901 shares of the company traded hands, compared to its average volume of 239,885. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $446.95 and a two-hundred day moving average of $454.10.

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, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during 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, sell-side analysts anticipate that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a $1.04 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is currently 32.94%.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 330 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value 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. In the last ninety days, insiders sold 14,772 shares of company stock valued at $6,371,121. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays reissued an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets increased their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Wolfe Research began coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Finally, The Goldman Sachs Group upped 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. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $442.70.

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.