HighPoint Advisor Group LLC Takes $443,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

HighPoint Advisor Group LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 996 shares of the business services provider’s stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock valued at $115,752,000 after acquiring an additional 10,727 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in FactSet Research Systems by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after acquiring an additional 20,787 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $1,174,000. Advisors Preferred LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $2,024,000. Finally, abrdn plc lifted its position in FactSet Research Systems by 17.4% during the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now owns 1,485 shares in the company, valued at $640,747.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the sale, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,987 shares of company stock worth $10,283,347. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

FDS has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a research report on Monday, June 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $431.50.

FactSet Research Systems Trading Up 0.1 %

Shares of FactSet Research Systems stock opened at $407.17 on Thursday. The stock has a market cap of $15.52 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a fifty day moving average price of $424.11 and a 200 day moving average price of $448.73. FactSet Research Systems Inc. has a 1 year low of $385.27 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities research analysts predict that FactSet Research Systems Inc. will post 15.95 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is currently 32.94%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data 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.