Wallace Advisory Group LLC Has $411,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Wallace Advisory Group LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 894 shares of the business services provider’s stock after purchasing an additional 36 shares during the period. Wallace Advisory Group LLC’s holdings in FactSet Research Systems were worth $411,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at $26,000. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% during 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 acquired a new stake in shares of FactSet Research Systems in the third quarter valued at about $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems in the third quarter worth about $35,000. Finally, Federated Hermes Inc. acquired a new position in shares of FactSet Research Systems during the 2nd quarter worth about $52,000. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $453.46.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the company’s 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 transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Up 0.3 %

Shares of FDS opened at $454.37 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $481.39 and a two-hundred day moving average price of $450.70. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 3.14 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.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the company earned $4.12 EPS. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s payout ratio is 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.