Marks Group Wealth Management Inc Increases Stake in FactSet Research Systems Inc. (NYSE:FDS)

Marks Group Wealth Management Inc increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,821 shares of the business services provider’s stock after acquiring an additional 1,279 shares during the quarter. FactSet Research Systems comprises about 1.4% of Marks Group Wealth Management Inc’s holdings, making the stock its 8th biggest holding. Marks Group Wealth Management Inc owned 0.08% of FactSet Research Systems worth $14,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. Amalgamated Bank grew its position in shares of FactSet Research Systems by 2.4% during the 3rd quarter. Amalgamated Bank now owns 8,116 shares of the business services provider’s stock valued at $3,732,000 after purchasing an additional 190 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter worth about $26,000. QRG Capital Management Inc. raised its holdings in shares of FactSet Research Systems by 6.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,127 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 69 shares in the last quarter. Angeles Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $295,000. Finally, Van ECK Associates Corp grew its holdings in shares of FactSet Research Systems by 10.4% during the third quarter. Van ECK Associates Corp now owns 7,956 shares of the business services provider’s stock worth $3,690,000 after purchasing an additional 752 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FDS. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $443.57.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,362 shares of company stock worth $11,450,695 over the last 90 days. 1.00% of the stock is owned by company insiders.

FactSet Research Systems Trading Up 1.3 %

NYSE FDS opened at $468.03 on Wednesday. The stock has a market cap of $17.78 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.75. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The stock has a 50 day simple moving average of $451.96 and a two-hundred day simple moving average of $430.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 earnings per share. On average, analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Company 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.