Ladenburg Thalmann Financial Services Inc. grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,224 shares of the business services provider’s stock after purchasing an additional 822 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in FactSet Research Systems were worth $2,633,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in FDS. Birch Hill Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems in the first quarter worth $202,000. Advisory Services Network LLC grew its stake in shares of FactSet Research Systems by 723.4% in the fourth quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock worth $197,000 after acquiring an additional 897 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $205,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $208,000. Finally, Mission Wealth Management LP acquired a new stake in shares of FactSet Research Systems in the first quarter worth $217,000. 91.17% of the stock is currently owned by institutional investors.
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FDS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $233.00 price objective on the stock in a research note on Tuesday, March 6th. ValuEngine upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $186.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 28th. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $169.00 to $184.00 and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $197.00 price target on shares of FactSet Research Systems in a research note on Wednesday, March 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $196.15.
In other FactSet Research Systems news, CFO Maurizio Nicolelli sold 5,675 shares of FactSet Research Systems stock in a transaction on Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the transaction, the chief financial officer now directly owns 9,129 shares of the company’s stock, valued at $1,807,542. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott A. Billeadeau sold 1,500 shares of FactSet Research Systems stock in a transaction on Friday, April 13th. The shares were sold at an average price of $197.55, for a total value of $296,325.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
FDS opened at $210.95 on Friday. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. FactSet Research Systems Inc. has a fifty-two week low of $155.09 and a fifty-two week high of $217.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.53 and a current ratio of 2.53.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.06. The company had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. FactSet Research Systems had a return on equity of 54.00% and a net margin of 19.07%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $1.81 earnings per share. sell-side analysts anticipate that FactSet Research Systems Inc. will post 8.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Thursday, May 31st were issued a dividend of $0.64 per share. The ex-dividend date was Wednesday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.56. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.21%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 35.02%.
FactSet Research Systems declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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