Fifth Third Wealth Advisors LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Fifth Third Wealth Advisors LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 443 shares of the business services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the third quarter worth approximately $26,000. Quest Partners LLC lifted its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Capital Performance Advisors LLP purchased a new position in FactSet Research Systems in the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $35,000. Finally, Federated Hermes Inc. purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $52,000. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $453.46.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $462.64 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.39. The stock’s fifty day moving average is $480.02 and its 200 day moving average is $451.71. The firm has a market capitalization of $17.59 billion, a PE ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the firm posted $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

FactSet Research Systems 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.