Atlas Legacy Advisors LLC Takes $441,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Atlas Legacy Advisors LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, Holdings Channel reports. The fund purchased 918 shares of the business services provider’s stock, valued at approximately $441,000.

Several other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $35,000. Allworth Financial LP raised its stake in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after buying an additional 128 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

NYSE FDS opened at $459.64 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.95 and a beta of 0.77. The business has a 50 day simple moving average of $470.79 and a 200 day simple moving average of $458.89. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. 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 prior year, the company earned $4.12 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is 29.82%.

Analyst Upgrades and Downgrades

A number of analysts have commented on FDS shares. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. UBS Group lifted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $453.23.

About FactSet Research Systems

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.