Perigon Wealth Management LLC acquired a new position in FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,807 shares of the business services provider’s stock, valued at approximately $416,000.
Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in FactSet Research Systems during the second quarter valued at about $15,059,000. OneDigital Investment Advisors LLC bought a new stake in FactSet Research Systems in the second quarter worth about $952,000. Simplicity Wealth LLC acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $227,000. Longfellow Investment Management Co. LLC acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $920,000. Finally, Global Retirement Partners LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter valued at about $154,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
FactSet Research Systems Trading Up 0.1%
Shares of FDS opened at $298.45 on Friday. The business’s 50-day moving average price is $255.86 and its 200 day moving average price is $232.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $10.62 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.70. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $387.20.
FactSet Research Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio is 30.57%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FDS. Jefferies Financial Group lifted their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Barclays increased their target price on shares of FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Wolfe Research raised 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. Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 price target on shares of FactSet Research Systems in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $253.00.
Check Out Our Latest Stock Report on FactSet Research Systems
FactSet Research Systems Company 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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