Sanctuary Advisors LLC bought a new stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,988 shares of the business services provider’s stock, valued at approximately $2,988,000.
Several other hedge funds also recently bought and sold shares of FDS. BOKF NA grew its holdings in shares of FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after buying an additional 102 shares during the period. Navalign LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at $32,000. Litman Gregory Wealth Management LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth $32,000. Elyxium Wealth LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth $35,000. Finally, Geneos Wealth Management Inc. lifted its holdings in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Price Performance
FDS stock opened at $296.00 on Wednesday. The stock has a 50-day moving average price of $259.55 and a two-hundred day moving average price of $234.41. The stock has a market cap of $10.53 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.70. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $386.52.
FactSet Research Systems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be paid a $1.16 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.6%. FactSet Research Systems’s payout ratio is presently 30.57%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on FDS shares. Weiss Ratings raised FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $240.00 price target on shares of FactSet Research Systems in a research report on Thursday, July 2nd. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Wolfe Research increased their target price on FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley raised their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $253.00.
Check Out Our Latest Analysis on FactSet Research Systems
About FactSet Research Systems
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.
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