Marks Group Wealth Management Inc Purchases 1,279 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Marks Group Wealth Management Inc lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,821 shares of the business services provider's stock after purchasing an additional 1,279 shares during the period. FactSet Research Systems comprises approximately 1.4% of Marks Group Wealth Management Inc's portfolio, making the stock its 8th largest position. Marks Group Wealth Management Inc owned approximately 0.08% of FactSet Research Systems worth $14,633,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FDS. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems during the 3rd quarter worth $26,000. UMB Bank n.a. raised its stake in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC raised its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC raised its stake in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in FactSet Research Systems during the 2nd quarter worth $33,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

FDS stock traded up $10.81 during trading on Wednesday, reaching $478.77. 366,398 shares of the company were exchanged, compared to its average volume of 261,362. The company has a market cap of $18.19 billion, a P/E ratio of 33.67, a PEG ratio of 3.03 and a beta of 0.75. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The stock's 50 day moving average price is $451.96 and its 200 day moving average price is $430.37. 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 (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. As a group, analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on FDS shares. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. UBS Group lifted their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada lifted their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $443.57.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company's stock, valued at $10,726,367.25. This represents a 0.00 % 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. In related news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company's stock, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,362 shares of company stock valued at $11,450,695 over the last quarter. Corporate insiders own 1.00% of the company's stock.

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.