Mitchell & Pahl Private Wealth LLC Has $941,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mitchell & Pahl Private Wealth LLC lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,960 shares of the business services provider’s stock after buying an additional 99 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in FactSet Research Systems were worth $941,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $35,000. Federated Hermes Inc. bought a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $52,000. Finally, Quarry LP bought a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $62,000. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FDS shares. UBS Group raised 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. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $453.46.

Insider Activity

In related news, insider John Costigan sold 1,622 shares of the business’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 sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $462.64 on Tuesday. The company’s 50 day moving average price is $479.64 and its two-hundred day moving average price is $452.28. The firm has a market capitalization of $17.59 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.91 and a beta of 0.76. 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 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 released its quarterly earnings data 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. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.12 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

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.