Wallace Advisory Group LLC Has $411,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Wallace Advisory Group LLC boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 894 shares of the business services provider’s stock after buying an additional 36 shares during the quarter. Wallace Advisory Group LLC’s holdings in FactSet Research Systems were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FDS. Private Advisor Group LLC increased its stake in shares of FactSet Research Systems by 8.1% in the 2nd quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 132 shares during the last quarter. Acadian Asset Management LLC bought a new stake in FactSet Research Systems in the second quarter valued at approximately $227,000. Quest Partners LLC raised its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Choreo LLC bought a new position in shares of FactSet Research Systems during the second quarter worth $208,000. Finally, American Century Companies Inc. lifted its holdings in FactSet Research Systems by 8.5% during the second quarter. American Century Companies Inc. now owns 10,188 shares of the business services provider’s stock worth $4,159,000 after acquiring an additional 798 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FDS shares. BMO Capital Markets lowered their target price on 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. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Trading Up 0.3 %

NYSE FDS opened at $454.37 on Tuesday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a market cap of $17.28 billion, a PE ratio of 32.69, a PEG ratio of 3.14 and a beta of 0.76. The stock has a 50 day moving average of $481.39 and a 200-day moving average of $450.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate 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 24.38% and a return on equity of 34.77%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.12 earnings per share. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. 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 currently 29.82%.

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.