New Age Alpha Advisors LLC Invests $4.42 Million in FactSet Research Systems Inc. (NYSE:FDS)

New Age Alpha Advisors LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 9,212 shares of the business services provider's stock, valued at approximately $4,424,000.

Several other institutional investors have also recently added to or reduced their stakes in FDS. Raymond James Financial Inc. acquired a new stake in FactSet Research Systems during the 4th quarter valued at $69,128,000. Wealthfront Advisers LLC increased its stake in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock valued at $36,712,000 after buying an additional 74,620 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after buying an additional 59,173 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of FactSet Research Systems in the fourth quarter valued at about $26,338,000. Finally, JPMorgan Chase & Co. lifted its position in FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after buying an additional 52,741 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FDS shares. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, UBS Group lowered their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $436.27.

Remove Ads

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction that occurred 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 owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Trading Down 1.2 %

Shares of NYSE:FDS traded down $5.27 during mid-day trading on Wednesday, reaching $451.74. The stock had a trading volume of 150,315 shares, compared to its average volume of 280,044. The firm has a 50 day simple moving average of $453.70 and a two-hundred day simple moving average of $465.25. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The firm has a market cap of $17.18 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business posted $4.22 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is currently 29.59%.

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.