C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 425 shares of the business services provider’s stock, valued at approximately $204,000.

Other large investors have also bought and sold shares of the company. Everence Capital Management Inc. purchased a new stake in FactSet Research Systems in the fourth quarter worth $413,000. Geode Capital Management LLC grew its position in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 1,436 shares in the last quarter. Natixis Advisors LLC grew its position in shares of FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 0.0 %

Shares of FDS stock opened at $466.39 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $469.87 and a two-hundred day moving average price of $459.00. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The firm has a market cap of $17.74 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the previous year, the company posted $4.12 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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 dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Analysts Set New Price Targets

FDS has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target 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. 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 research report on Friday, November 15th. 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 research report on Friday, December 20th. Finally, BMO Capital Markets dropped their price objective on 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 equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $453.23.

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.