LPL Financial LLC Grows Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

LPL Financial LLC boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,986 shares of the business services provider's stock after buying an additional 4,283 shares during the quarter. LPL Financial LLC owned 0.20% of FactSet Research Systems worth $36,494,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FDS. Mount Yale Investment Advisors LLC boosted its position in shares of 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 worth $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP lifted its stake in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after buying an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC raised its holdings in shares of FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after buying an additional 25 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FDS shares. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group cut their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $436.27.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

NYSE FDS traded down $2.95 during trading hours on Wednesday, hitting $454.07. The company had a trading volume of 89,073 shares, compared to its average volume of 279,781. The business has a 50 day moving average of $453.70 and a 200-day moving average of $465.25. The company has a market cap of $17.27 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. 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 (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.22 EPS. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.59%.

FactSet Research Systems 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.