National Wealth Management Group LLC Decreases Position in FactSet Research Systems Inc. (NYSE:FDS)

National Wealth Management Group LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 969 shares of the business services provider’s stock after selling 63 shares during the period. National Wealth Management Group LLC’s holdings in FactSet Research Systems were worth $462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Criterion Capital Advisors LLC purchased a new position in FactSet Research Systems in the 4th quarter valued at approximately $30,000. IFP Advisors Inc boosted its position in FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after buying an additional 35 shares during the period. Larson Financial Group LLC boosted its position in FactSet Research Systems by 820.0% in the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock valued at $40,000 after buying an additional 82 shares during the period. Desjardins Global Asset Management Inc. boosted its position in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after buying an additional 34 shares during the period. Finally, Global Retirement Partners LLC boosted its position in FactSet Research Systems by 28.8% in the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 1.0 %

NYSE:FDS traded up $4.55 during midday trading on Monday, hitting $438.57. 286,392 shares of the company were exchanged, compared to its average volume of 240,582. The company has a fifty day simple moving average of $453.84 and a 200 day simple moving average of $455.90. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $16.72 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Wall Street Analyst Weigh In

FDS has been the subject of several recent research reports. Wolfe Research assumed coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $442.70.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were 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 in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Company Profile

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.