Reilly Financial Advisors LLC Raises Stake in FactSet Research Systems Inc. (FDS)
Reilly Financial Advisors LLC increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,655 shares of the business services provider’s stock after buying an additional 917 shares during the period. Reilly Financial Advisors LLC’s holdings in FactSet Research Systems were worth $9,508,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. bought a new position in FactSet Research Systems during the fourth quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FactSet Research Systems by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,210 shares of the business services provider’s stock valued at $196,000 after buying an additional 156 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $241,000. Cigna Investments Inc. New acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $249,000. Finally, Wrapmanager Inc. increased its stake in shares of FactSet Research Systems by 7.5% in the fourth quarter. Wrapmanager Inc. now owns 1,569 shares of the business services provider’s stock valued at $256,000 after buying an additional 110 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up 0.06% during midday trading on Tuesday, hitting $161.18. The stock had a trading volume of 290,409 shares. The firm has a market capitalization of $6.36 billion, a PE ratio of 18.93 and a beta of 0.75. The company’s 50 day moving average price is $171.55 and its 200-day moving average price is $166.60. FactSet Research Systems Inc. has a 1-year low of $147.37 and a 1-year high of $183.64.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.01. The firm earned $294.40 million during the quarter, compared to analyst estimates of $296.04 million. FactSet Research Systems had a net margin of 30.18% and a return on equity of 51.90%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. Equities analysts predict that FactSet Research Systems Inc. will post $7.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, February 28th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 24th. FactSet Research Systems’s payout ratio is presently 23.64%.
FDS has been the topic of several research analyst reports. Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research report on Tuesday, March 14th. Goldman Sachs Group Inc raised their price target on FactSet Research Systems to $126.00 and gave the company a “sell” rating in a research report on Wednesday, December 21st. Barclays PLC downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $170.00 to $164.00 in a research report on Tuesday, January 10th. Credit Suisse Group AG raised their price target on FactSet Research Systems from $179.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, March 29th. Finally, Cantor Fitzgerald set a $161.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research report on Tuesday, December 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $170.00.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,600,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph E. Laird, Jr. sold 2,146 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $171.89, for a total transaction of $368,875.94. Following the sale, the director now directly owns 7,000 shares in the company, valued at $1,203,230. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.
About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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