Mitchell & Pahl Private Wealth LLC Has $941,000 Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mitchell & Pahl Private Wealth LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,960 shares of the business services provider’s stock after purchasing an additional 99 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in FactSet Research Systems were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Natixis Advisors LLC raised its position in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after acquiring an additional 1,260 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares during the period. Jensen Investment Management Inc. boosted its position in shares of FactSet Research Systems by 11.6% during the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after purchasing an additional 1,436 shares during the period. 91.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Stock Up 0.6 %

Shares of NYSE:FDS opened at $462.64 on Tuesday. The business’s 50 day moving average is $479.64 and its 200 day moving average is $452.28. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.91 and a beta of 0.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business posted $4.12 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

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.