GWM Advisors LLC Takes $345,000 Position in FactSet Research Systems Inc. (FDS)

GWM Advisors LLC purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,778 shares of the business services provider’s stock, valued at approximately $345,000.

A number of other hedge funds also recently added to or reduced their stakes in FDS. Dimensional Fund Advisors LP raised its stake in FactSet Research Systems by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 167,605 shares of the business services provider’s stock worth $27,857,000 after buying an additional 2,155 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of FactSet Research Systems by 6.8% during the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 82 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of FactSet Research Systems by 113.3% during the second quarter. Nomura Holdings Inc. now owns 3,066 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 26,180 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $1,132,000. Finally, Mutual of America Capital Management LLC increased its stake in shares of FactSet Research Systems by 1.1% during the third quarter. Mutual of America Capital Management LLC now owns 32,122 shares of the business services provider’s stock valued at $5,785,000 after purchasing an additional 361 shares in the last quarter. 93.07% of the stock is owned by institutional investors.

FDS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Tuesday, November 28th. Morgan Stanley raised their target price on shares of FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $199.00 target price on shares of FactSet Research Systems in a research note on Thursday, December 21st. Wells Fargo & Co set a $185.00 target price on shares of FactSet Research Systems and gave the company a “hold” rating in a research note on Wednesday, December 20th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $184.62.

Shares of FactSet Research Systems Inc. (FDS) opened at $202.18 on Friday. The firm has a market cap of $7,889.87, a P/E ratio of 30.49, a P/E/G ratio of 2.20 and a beta of 0.96. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.93. FactSet Research Systems Inc. has a 1 year low of $155.09 and a 1 year high of $209.02.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. The company had revenue of $329.10 million during the quarter, compared to the consensus estimate of $330.49 million. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. research analysts forecast that FactSet Research Systems Inc. will post 8.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, February 27th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 33.79%.

In related news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $198.00, for a total transaction of $198,000.00. Following the completion of the sale, the vice president now owns 2,848 shares of the company’s stock, valued at $563,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 1,186 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $193.92, for a total transaction of $229,989.12. Following the sale, the director now directly owns 22,754 shares of the company’s stock, valued at approximately $4,412,455.68. The disclosure for this sale can be found here. Insiders have sold 55,406 shares of company stock valued at $10,957,561 in the last three months. 2.70% of the stock is owned by insiders.

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FactSet Research Systems Profile

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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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