Outlook Wealth Advisors LLC Raises Stake in FactSet Research Systems Inc. (NYSE:FDS)

Outlook Wealth Advisors LLC grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 573 shares of the business services provider’s stock after buying an additional 124 shares during the period. Outlook Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new position in FactSet Research Systems in the 4th quarter valued at $30,000. Desjardins Global Asset Management Inc. grew its position in FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of FactSet Research Systems by 71.4% during the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after purchasing an additional 35 shares in the last quarter. Larson Financial Group LLC increased its position in shares of FactSet Research Systems by 820.0% in the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares during the last quarter. Finally, Smithfield Trust Co lifted its position in FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 32 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 0.7 %

FactSet Research Systems stock traded up $2.76 during trading hours on Friday, reaching $421.47. The stock had a trading volume of 185,143 shares, compared to its average volume of 258,878. The stock has a market cap of $16.07 billion, a PE ratio of 33.37, a PEG ratio of 2.57 and a beta of 0.72. The company has a fifty day simple moving average of $450.55 and a 200-day simple moving average of $454.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64.

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

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is currently 31.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research initiated coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. The Goldman Sachs Group boosted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Finally, Barclays restated an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $442.70.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

About FactSet Research Systems

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.