Marks Group Wealth Management Inc Reduces Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Marks Group Wealth Management Inc lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 31,565 shares of the business services provider’s stock after selling 256 shares during the period. FactSet Research Systems makes up 1.5% of Marks Group Wealth Management Inc’s portfolio, making the stock its 8th largest position. Marks Group Wealth Management Inc’s holdings in FactSet Research Systems were worth $15,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Trust N.A. boosted its stake in shares of FactSet Research Systems by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after acquiring an additional 21 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares during the last quarter. Cerro Pacific Wealth Advisors LLC boosted its position in FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock worth $809,000 after purchasing an additional 25 shares during the period. Andina Capital Management LLC boosted its position in FactSet Research Systems by 3.8% during the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of FactSet Research Systems by 3.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 905 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FDS opened at $454.42 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The firm has a market cap of $17.28 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The business’s fifty day moving average is $473.15 and its 200-day moving average is $457.33.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.12 earnings per share. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of 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. Wells Fargo & Company cut their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Stifel Nicolaus lifted their price target 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 boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $453.23.

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.