Cerro Pacific Wealth Advisors LLC Has $809,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Cerro Pacific Wealth Advisors LLC increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,759 shares of the business services provider’s stock after acquiring an additional 25 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FDS. Apeiron RIA LLC grew its stake in shares of FactSet Research Systems by 6.6% in the 4th quarter. Apeiron RIA LLC now owns 886 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 55 shares during the period. Janney Montgomery Scott LLC grew its position in FactSet Research Systems by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,160 shares of the business services provider’s stock valued at $17,847,000 after acquiring an additional 377 shares during the period. Dakota Wealth Management raised its stake in FactSet Research Systems by 15.0% during the fourth quarter. Dakota Wealth Management now owns 2,498 shares of the business services provider’s stock worth $1,200,000 after acquiring an additional 326 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of FactSet Research Systems by 5.3% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 1,960 shares of the business services provider’s stock valued at $941,000 after acquiring an additional 99 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in shares of FactSet Research Systems by 14.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 891 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at $143,819. This 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 link. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Trading Down 0.2 %

FDS opened at $463.99 on Friday. The firm has a 50 day simple moving average of $478.12 and a 200 day simple moving average of $452.74. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating 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 the consensus estimate of $565.14 million. During the same quarter in the prior year, the business posted $4.12 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 29.82%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. BMO Capital Markets dropped 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. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Five investment 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 company has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems 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.