Skylands Capital LLC Invests $1.02 Million in FactSet Research Systems Inc. $FDS

Skylands Capital LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,700 shares of the business services provider’s stock, valued at approximately $1,020,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDS. Cromwell Holdings LLC purchased a new position in FactSet Research Systems during the fourth quarter worth $26,000. WPG Advisers LLC lifted its position in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of 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 valued at $45,000 after acquiring an additional 64 shares during the last quarter. Field & Main Bank acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at $29,000. Finally, BOKF NA increased its position in FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 11.1%

FDS opened at $232.00 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.93 and a beta of 0.71. The business has a 50-day moving average of $230.82 and a two-hundred day moving average of $239.48. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $453.41.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same period in the prior year, the firm posted $4.28 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts expect 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. Investors of record on Friday, May 29th were issued a $1.16 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.0%. FactSet Research Systems’s payout ratio is 29.84%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective on the stock. in a research note on Thursday, June 18th. Royal Bank Of Canada decreased their target price 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. Wells Fargo & Company lifted their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $267.69.

FactSet Research Systems Company 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.