Brooklyn Investment Group Invests $35,000 in FactSet Research Systems Inc. (NYSE:FDS)

Brooklyn Investment Group bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 76 shares of the business services provider’s stock, valued at approximately $35,000.

A number of other hedge funds have also added to or reduced their stakes in FDS. B. Riley Wealth Advisors Inc. boosted its position in shares of FactSet Research Systems by 53.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock valued at $325,000 after buying an additional 258 shares during the last quarter. Tidal Investments LLC lifted its position in shares of FactSet Research Systems by 225.1% during the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares during the last quarter. Comerica Bank lifted its position in shares of FactSet Research Systems by 4.8% during the 1st quarter. Comerica Bank now owns 15,083 shares of the business services provider’s stock valued at $6,853,000 after buying an additional 697 shares during the last quarter. Swedbank AB purchased a new position in shares of FactSet Research Systems during the 1st quarter valued at $84,000. Finally, Cetera Investment Advisers lifted its position in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after buying an additional 3,683 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the company’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 completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock valued at $12,230,877 over the last 90 days. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Up 0.6 %

Shares of NYSE:FDS opened at $491.44 on Friday. The stock has a fifty day simple moving average of $468.88 and a two-hundred day simple moving average of $437.09. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.14 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 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 $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the previous year, the business earned $2.93 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company increased their target price 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. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $450.00.

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.