Pallas Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,779 shares of the business services provider’s stock, valued at approximately $869,000.
Several other hedge funds also recently added to or reduced their stakes in FDS. Northwestern Mutual Wealth Management Co. raised its stake in shares of FactSet Research Systems by 444,058.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after purchasing an additional 13,854,613 shares in the last quarter. Bamco Inc. NY grew its stake in FactSet Research Systems by 58.8% in the fourth quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after purchasing an additional 1,069,786 shares in the last quarter. AQR Capital Management LLC increased its holdings in FactSet Research Systems by 4,547.4% in the fourth quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock valued at $204,602,000 after buying an additional 689,891 shares during the last quarter. Bank of Montreal Can raised its stake in FactSet Research Systems by 1,843.9% during the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock valued at $173,453,000 after buying an additional 566,975 shares in the last quarter. Finally, Norges Bank acquired a new stake in FactSet Research Systems during the fourth quarter valued at approximately $151,492,000. 91.24% of the stock is owned by institutional investors and hedge funds.
FactSet Research Systems Price Performance
Shares of FDS opened at $285.34 on Wednesday. The company has a market cap of $10.15 billion, a P/E ratio of 18.80, a PEG ratio of 1.90 and a beta of 0.70. The stock has a fifty day moving average price of $253.61 and a 200 day moving average price of $232.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $387.75.
FactSet Research Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be given a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s payout ratio is currently 30.57%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. The Goldman Sachs Group cut FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a report on Thursday, July 2nd. Wolfe Research increased their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Finally, UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and an average price target of $253.00.
Get Our Latest Stock Report on FactSet Research Systems
FactSet Research Systems Profile
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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