Kestra Private Wealth Services LLC Grows Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

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Kestra Private Wealth Services LLC raised its holdings in FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 13.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,116 shares of the business services provider’s stock after acquiring an additional 130 shares during the period. Kestra Private Wealth Services LLC’s holdings in FactSet Research Systems were worth $484,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FDS. Quent Capital LLC purchased a new position in shares of FactSet Research Systems in the 4th quarter worth $32,000. Tyler Stone Wealth Management purchased a new position in shares of FactSet Research Systems in the 4th quarter valued at $36,000. Pinebridge Investments L.P. acquired a new position in shares of FactSet Research Systems during the 1st quarter valued at $42,000. Credit Agricole S A acquired a new stake in FactSet Research Systems in the 4th quarter valued at $56,000. Finally, Okabena Investment Services Inc. purchased a new position in FactSet Research Systems in the fourth quarter valued at about $70,000. 90.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joseph Zimmel sold 1,000 shares of FactSet Research Systems stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $390.62, for a total value of $390,620.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at approximately $602,336.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $384.54, for a total value of $961,350.00. Following the completion of the transaction, the chief executive officer now owns 3,988 shares of the company’s stock, valued at $1,533,545.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Zimmel sold 1,000 shares of FactSet Research Systems stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $390.62, for a total transaction of $390,620.00. Following the sale, the director now owns 1,542 shares in the company, valued at $602,336.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,907 shares of company stock valued at $3,554,827. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FDS has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Stifel Nicolaus dropped their price target on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating on the stock in a research note on Friday, June 24th. Barclays decreased their price objective on shares of FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. StockNews.com cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Sunday, June 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $507.00 target price for the company in a research note on Friday, August 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average price target of $421.75.

FactSet Research Systems Trading Up 0.1 %

FactSet Research Systems stock opened at $446.46 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.12 and a current ratio of 2.12. FactSet Research Systems Inc. has a 1 year low of $345.92 and a 1 year high of $495.39. The firm’s 50-day moving average is $429.87 and its 200-day moving average is $409.77. The company has a market cap of $16.96 billion, a P/E ratio of 43.81, a PEG ratio of 3.01 and a beta of 0.79.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.58. The company had revenue of $488.75 million during the quarter, compared to the consensus estimate of $476.06 million. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. During the same period in the previous year, the firm posted $2.72 earnings per share. On average, equities analysts expect that FactSet Research Systems Inc. will post 13.52 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, August 30th. FactSet Research Systems’s payout ratio is 34.94%.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc, a financial data and analytics 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.

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