Pinnacle Associates Ltd. bought a new stake in FactSet Research Systems Inc. (NYSE:FDS – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 553 shares of the business services provider’s stock, valued at approximately $222,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kensington Investment Counsel LLC lifted its stake in FactSet Research Systems by 0.5% in the 3rd quarter. Kensington Investment Counsel LLC now owns 5,280 shares of the business services provider’s stock valued at $2,113,000 after buying an additional 24 shares in the last quarter. Strong Tower Advisory Services lifted its stake in shares of FactSet Research Systems by 0.8% during the 4th quarter. Strong Tower Advisory Services now owns 3,231 shares of the business services provider’s stock worth $1,296,000 after purchasing an additional 25 shares during the period. Janiczek Wealth Management LLC lifted its stake in shares of FactSet Research Systems by 36.1% during the 3rd quarter. Janiczek Wealth Management LLC now owns 98 shares of the business services provider’s stock worth $40,000 after purchasing an additional 26 shares during the period. AE Wealth Management LLC lifted its stake in shares of FactSet Research Systems by 0.8% during the 4th quarter. AE Wealth Management LLC now owns 3,446 shares of the business services provider’s stock worth $1,382,000 after purchasing an additional 26 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of FactSet Research Systems by 3.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 786 shares of the business services provider’s stock worth $314,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.
FactSet Research Systems Trading Up 0.0 %
FDS stock opened at $416.70 on Friday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 2.85 and a beta of 0.83. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $413.54 and a 200-day simple moving average of $420.26. FactSet Research Systems Inc. has a 52 week low of $345.92 and a 52 week high of $474.13.
FactSet Research Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Tuesday, February 28th were issued a $0.89 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $3.56 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio is currently 30.90%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Redburn Partners raised FactSet Research Systems from a “sell” rating to a “neutral” rating in a research note on Tuesday, March 28th. Credit Suisse Group raised FactSet Research Systems from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $485.00 to $500.00 in a research note on Thursday, January 12th. Deutsche Bank Aktiengesellschaft reduced their price target on FactSet Research Systems from $477.00 to $454.00 and set a “buy” rating on the stock in a research note on Friday, March 24th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of FactSet Research Systems in a research note on Friday, March 24th. Finally, StockNews.com began coverage on FactSet Research Systems in a report on Thursday, March 16th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $448.86.
Insider Activity at FactSet Research Systems
In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $412.91, for a total value of $1,238,730.00. Following the completion of the sale, the chief executive officer now directly owns 8,247 shares in the company, valued at approximately $3,405,268.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $412.91, for a total transaction of $1,238,730.00. Following the completion of the sale, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,405,268.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert J. Robie sold 2,457 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $412.31, for a total value of $1,013,045.67. Following the sale, the executive vice president now owns 1,436 shares of the company’s stock, valued at $592,077.16. The disclosure for this sale can be found here. In the last three months, insiders sold 17,754 shares of company stock worth $7,354,294. Corporate insiders own 0.97% of the company’s stock.
FactSet Research Systems Company Profile
FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.
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