Park Avenue Securities LLC Increases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Park Avenue Securities LLC raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,972 shares of the business services provider’s stock after acquiring an additional 383 shares during the quarter. Park Avenue Securities LLC’s holdings in FactSet Research Systems were worth $947,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FDS. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $35,000. Federated Hermes Inc. bought a new stake in FactSet Research Systems during the 2nd quarter valued at approximately $52,000. Finally, Quarry LP bought a new stake in FactSet Research Systems during the 2nd quarter valued at approximately $62,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

FDS stock opened at $462.64 on Tuesday. The stock has a market capitalization of $17.59 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $479.64 and its 200 day simple moving average is $452.28.

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

FactSet Research Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on FDS shares. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $453.46.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.