Miracle Mile Advisors LLC Boosts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Miracle Mile Advisors LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,096 shares of the business services provider’s stock after acquiring an additional 89 shares during the quarter. Miracle Mile Advisors LLC’s holdings in FactSet Research Systems were worth $526,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth approximately $26,000. Quest Partners LLC grew its position in shares of 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 worth $28,000 after buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems in the third quarter worth $34,000. Brooklyn Investment Group acquired a new stake in FactSet Research Systems in the third quarter valued at $35,000. Finally, Federated Hermes Inc. acquired a new position in FactSet Research Systems during the 2nd quarter worth $52,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s 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 transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.1 %

FactSet Research Systems stock opened at $453.89 on Thursday. The firm has a market capitalization of $17.26 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.14 and a beta of 0.76. The company has a 50-day simple moving average of $481.11 and a 200-day simple moving average of $451.02. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. 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 issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (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 period in the previous year, the firm posted $4.12 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDS. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Redburn Atlantic downgraded 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. BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.