Accurate Wealth Management LLC Purchases Shares of 6,020 FactSet Research Systems Inc. (NYSE:FDS)

Accurate Wealth Management LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,020 shares of the business services provider’s stock, valued at approximately $2,561,000.

Several other institutional investors have also bought and sold shares of FDS. GAMMA Investing LLC grew its stake in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after acquiring an additional 429,028 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at about $69,128,000. Point72 Asset Management L.P. acquired a new stake in FactSet Research Systems during the 4th quarter worth about $66,368,000. Vest Financial LLC purchased a new stake in FactSet Research Systems in the first quarter valued at approximately $52,445,000. Finally, Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FDS shares. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. BMO Capital Markets reduced their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, UBS Group lowered their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $448.00.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

FDS opened at $426.79 on Tuesday. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a market cap of $16.20 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $438.96 and a two-hundred day moving average of $455.69.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s payout ratio is presently 31.29%.

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.