Thurston Springer Miller Herd & Titak Inc. Acquires 1,436 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 52.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,171 shares of the business services provider’s stock after acquiring an additional 1,436 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in FactSet Research Systems were worth $2,003,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems during the 3rd quarter worth $26,000. Quest Partners LLC increased its holdings in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at $35,000. Finally, Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems in the 2nd quarter valued at $52,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $453.76 on Wednesday. The stock has a 50-day moving average of $481.39 and a two-hundred day moving average of $450.70. 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. The stock has a market cap of $17.26 billion, a P/E ratio of 32.64, a P/E/G ratio of 3.14 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results 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 34.77% and a net margin of 24.38%. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the previous year, the firm posted $4.12 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Insider Activity

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems 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 completion of the transaction, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group lifted their price target on 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 downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.