Vest Financial LLC Purchases 40,047 Shares of FactSet Research Systems Inc. $FDS

Vest Financial LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,147 shares of the business services provider’s stock after purchasing an additional 40,047 shares during the quarter. Vest Financial LLC’s holdings in FactSet Research Systems were worth $49,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FDS. Jones Financial Companies Lllp boosted its position in shares of FactSet Research Systems by 5.6% in the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC boosted its position in shares of FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC boosted its stake in FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares during the period. Finally, Cerity Partners LLC boosted its stake in FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Bank of America started coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Barclays dropped their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. Finally, Evercore upped their target price on shares of FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $225.34 on Tuesday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.95 and a beta of 0.73. The firm’s fifty day moving average is $215.30 and its 200 day moving average is $252.91. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $474.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. FactSet Research Systems’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.0%. FactSet Research Systems’s dividend payout ratio is currently 28.30%.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.