Thurston Springer Miller Herd & Titak Inc. Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 52.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,171 shares of the business services provider’s stock after buying 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 reporting period.

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

Analysts Set New Price Targets

FDS has been the subject of several research reports. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. UBS Group upped 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. BMO Capital Markets dropped their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Five research 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 stock has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Trading Down 0.2 %

FDS opened at $453.76 on Wednesday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The stock has a market capitalization of $17.26 billion, a PE ratio of 32.64, a P/E/G ratio of 3.14 and a beta of 0.76. The business’s 50 day moving average price is $481.39 and its 200 day moving average price is $450.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last released 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 for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the prior year, the firm earned $4.12 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

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.