Polaris Greystone Financial Group LLC bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 98,579 shares of the business services provider’s stock, valued at approximately $27,246,000. FactSet Research Systems accounts for about 1.8% of Polaris Greystone Financial Group LLC’s holdings, making the stock its 21st largest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. Altman Advisors Inc. lifted its position in shares of FactSet Research Systems by 0.6% during the 4th quarter. Altman Advisors Inc. now owns 6,665 shares of the business services provider’s stock worth $1,788,000 after buying an additional 39 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in FactSet Research Systems by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,968 shares of the business services provider’s stock valued at $1,207,000 after acquiring an additional 40 shares during the period. Mission Wealth Management LP lifted its stake in FactSet Research Systems by 3.1% during the 4th quarter. Mission Wealth Management LP now owns 1,696 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 51 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in FactSet Research Systems by 4.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,176 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 55 shares during the period. Finally, Smith Shellnut Wilson LLC ADV lifted its stake in FactSet Research Systems by 4.8% during the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 1,256 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 57 shares during the period. 98.50% of the stock is owned by institutional investors.
Shares of FDS traded down $5.28 during trading hours on Friday, hitting $285.19. The stock had a trading volume of 13,261 shares, compared to its average volume of 295,661. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.63 and a current ratio of 2.63. The firm has a 50-day moving average price of $271.37 and a 200 day moving average price of $266.69. FactSet Research Systems Inc. has a fifty-two week low of $213.50 and a fifty-two week high of $305.38. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 3.19 and a beta of 0.95.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.16. FactSet Research Systems had a net margin of 24.99% and a return on equity of 60.69%. The firm had revenue of $366.70 million during the quarter, compared to analysts’ expectations of $367.42 million. During the same period in the previous year, the business posted $2.35 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 10.03 EPS for the current fiscal year.
In related news, EVP Franck A.R. Gossieaux sold 2,897 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $265.49, for a total value of $769,124.53. Following the completion of the transaction, the executive vice president now directly owns 832 shares in the company, valued at approximately $220,887.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Zimmel sold 2,622 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $268.83, for a total transaction of $704,872.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,082 shares of company stock valued at $3,221,567. Company insiders own 2.30% of the company’s stock.
Several analysts have commented on FDS shares. Barclays restated a “hold” rating and set a $270.00 price objective on shares of FactSet Research Systems in a research note on Wednesday, December 18th. Jefferies Financial Group started coverage on shares of FactSet Research Systems in a research note on Wednesday, November 27th. They set a “hold” rating and a $253.00 price objective for the company. UBS Group decreased their price objective on shares of FactSet Research Systems from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Friday, December 20th. Finally, Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $217.00 to $215.00 and set an “underweight” rating for the company in a research note on Thursday, October 10th. Five research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $243.00.
FactSet Research Systems Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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