FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,490 shares of the business services provider’s stock after buying an additional 67 shares during the period. FactSet Research Systems makes up approximately 1.5% of Marks Group Wealth Management Inc’s portfolio, making the stock its 7th largest position. Marks Group Wealth Management Inc owned about 0.07% of FactSet Research Systems worth $13,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDS. 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. Signaturefd LLC boosted its position in FactSet Research Systems by 6.5% in the 4th quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after buying an additional 23 shares during the period. Drive Wealth Management LLC boosted its position in FactSet Research Systems by 5.2% in the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after buying an additional 24 shares during the period. Naples Global Advisors LLC boosted its position in FactSet Research Systems by 0.9% in the 3rd quarter. Naples Global Advisors LLC now owns 2,875 shares of the business services provider’s stock valued at $1,257,000 after buying an additional 25 shares during the period. Finally, Institutional & Family Asset Management LLC boosted its position in FactSet Research Systems by 0.3% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds 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 Announces Dividend

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 of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price target 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. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research 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 an average rating of “Hold” and an average 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.

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.