Ticino Wealth Takes $1.95 Million Position in FactSet Research Systems Inc. $FDS

Ticino Wealth acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,705 shares of the business services provider’s stock, valued at approximately $1,946,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after acquiring an additional 91 shares in the last quarter. Empowered Funds LLC raised its holdings in FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after buying an additional 51 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after buying an additional 707 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Bank of America started coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target on the stock. Royal Bank Of Canada lowered their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. The Goldman Sachs Group decreased their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Finally, UBS Group reduced their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given 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.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $238.70 on Tuesday. The company has a fifty day simple moving average of $212.31 and a two-hundred day simple moving average of $254.58. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $474.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The company had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.28 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.64 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, February 27th. FactSet Research Systems’s dividend payout ratio is 28.30%.

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.