Alliance Wealth Advisors LLC UT Has $924,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Alliance Wealth Advisors LLC UT increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,924 shares of the business services provider’s stock after purchasing an additional 228 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in FactSet Research Systems were worth $924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its stake in shares of FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after acquiring an additional 42,303 shares during the period. Geode Capital Management LLC lifted its position in FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the period. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after buying an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after acquiring an additional 59,173 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Price Performance

NYSE:FDS opened at $469.84 on Tuesday. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.98 and a beta of 0.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $476.16 and its two-hundred day moving average price is $455.32. 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 announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.12 earnings per share. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. 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 for the company in a research note on Monday, December 23rd. Finally, Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $453.46.

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.