Legacy Financial Advisors Inc. Has $341,000 Stake in FactSet Research Systems Inc. (NYSE:FDS)

Legacy Financial Advisors Inc. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 834 shares of the business services provider’s stock after acquiring an additional 32 shares during the period. Legacy Financial Advisors Inc.’s holdings in FactSet Research Systems were worth $341,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FDS. Mission Wealth Management LP grew its stake in FactSet Research Systems by 0.7% during the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after purchasing an additional 24 shares during the period. Procyon Advisors LLC grew its position in shares of FactSet Research Systems by 0.4% during the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock worth $2,948,000 after buying an additional 27 shares during the period. Argent Trust Co grew its position in shares of FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after buying an additional 27 shares during the period. Retirement Systems of Alabama increased its stake in shares of FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after acquiring an additional 34 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in shares of FactSet Research Systems by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 34 shares during the period. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FDS shares. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. UBS Group boosted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday. Finally, Royal Bank of Canada increased their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $446.67.

FactSet Research Systems Trading Down 0.8 %

NYSE FDS opened at $465.91 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $421.66 and a 200 day simple moving average of $428.33. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market capitalization of $17.72 billion, a P/E ratio of 35.14, a PEG ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the prior year, the company posted $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is owned by insiders.

FactSet Research Systems Company Profile

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.