Baker Tilly Wealth Management LLC Purchases 79 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Baker Tilly Wealth Management LLC raised its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,277 shares of the business services provider’s stock after buying an additional 79 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in FactSet Research Systems were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FDS. Private Advisor Group LLC lifted its stake in FactSet Research Systems by 8.1% during the second quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock worth $722,000 after purchasing an additional 132 shares during the period. Acadian Asset Management LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $227,000. Caprock Group LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $267,000. Quest Partners LLC boosted its stake in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in FactSet Research Systems in the second quarter valued at $82,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 2.2 %

NYSE:FDS traded down $9.98 on Friday, hitting $448.48. 30,883 shares of the stock were exchanged, compared to its average volume of 223,799. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 3.14 and a beta of 0.76. The company’s 50-day moving average price is $481.64 and its 200 day moving average price is $449.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the business posted $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on FDS shares. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Morgan Stanley raised their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $453.46.

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.