Longfellow Investment Management Co. LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,000 shares of the business services provider’s stock, valued at approximately $920,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC grew its stake in shares of FactSet Research Systems by 76.9% during 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. Field & Main Bank acquired a new position in shares of FactSet Research Systems in the fourth quarter worth about $29,000. BOKF NA boosted its holdings in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. Navalign LLC acquired a new stake in FactSet Research Systems during the 4th quarter valued at approximately $32,000. Finally, Litman Gregory Wealth Management LLC acquired a new stake in FactSet Research Systems during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
FactSet Research Systems Stock Performance
FDS opened at $283.25 on Monday. The business’s 50 day moving average is $252.22 and its 200-day moving average is $232.17. The stock has a market cap of $10.08 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.90 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 twelve month low of $185.00 and a twelve month high of $387.75.
FactSet Research Systems Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio is presently 30.57%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FDS. BMO Capital Markets upped their target price on FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a research report on Thursday, July 2nd. Barclays increased their price objective on shares of FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a research note on Thursday, June 18th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group lowered FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $253.00.
View Our Latest Stock Analysis on FDS
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.
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