Moran Wealth Management LLC Buys Shares of 15,363 FactSet Research Systems Inc. $FDS

Moran Wealth Management LLC bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 15,363 shares of the business services provider’s stock, valued at approximately $4,458,000.

A number of other hedge funds also recently made changes to their positions in the business. Chicago Capital LLC raised its holdings in shares of FactSet Research Systems by 75.4% during the fourth quarter. Chicago Capital LLC now owns 1,791 shares of the business services provider’s stock valued at $520,000 after buying an additional 770 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of FactSet Research Systems by 120.8% during the fourth quarter. Merit Financial Group LLC now owns 4,197 shares of the business services provider’s stock valued at $1,218,000 after buying an additional 2,296 shares during the last quarter. Argo Wealth Advisory LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $1,622,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FactSet Research Systems by 5.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,760 shares of the business services provider’s stock valued at $6,024,000 after buying an additional 1,116 shares during the last quarter. Finally, Parcion Private Wealth LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $262,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

NYSE FDS opened at $232.56 on Friday. The stock has a market capitalization of $8.47 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.01 and a beta of 0.73. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $474.79. The business’s fifty day moving average is $211.65 and its two-hundred day moving average is $255.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.28 earnings per share. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 27th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, February 27th. FactSet Research Systems’s payout ratio is presently 28.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FDS. BMO Capital Markets cut their price target on FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. Evercore lifted their price target on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a report on Thursday, January 8th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a report on Wednesday, April 1st. Royal Bank Of Canada cut their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. Finally, Barclays cut their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $279.85.

About FactSet Research Systems

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.