Diversify Wealth Management LLC Has $204,000 Stake in FactSet Research Systems Inc. (NYSE:FDS)

Diversify Wealth Management LLC decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 450 shares of the business services provider’s stock after selling 25 shares during the period. Diversify Wealth Management LLC’s holdings in FactSet Research Systems were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in FactSet Research Systems during the third quarter worth $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the 3rd quarter valued at $35,000. Federated Hermes Inc. bought a new stake in FactSet Research Systems in the 2nd quarter valued at $52,000. Finally, Exchange Traded Concepts LLC grew its position in FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $463.99 on Friday. The stock has a market capitalization of $17.65 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a 50 day moving average of $478.12 and a 200-day moving average of $452.74.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the previous year, the firm earned $4.12 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s payout ratio is 29.82%.

Insider Activity

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Evercore ISI initiated 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 for the company. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Finally, 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. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.