C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 425 shares of the business services provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Allworth Financial LP increased its holdings in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 128 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.0 %

FDS stock opened at $466.39 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50 day moving average price is $469.87 and its two-hundred day moving average price is $459.00. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.77.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analysts Set New Price Targets

FDS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. BMO Capital Markets reduced their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Wells Fargo & Company reduced their price target on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. 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 report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average price target of $453.23.

FactSet Research Systems Company Profile

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.