EverSource Wealth Advisors LLC Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

EverSource Wealth Advisors LLC lifted its position in FactSet Research Systems Inc. (NYSE:FDS) by 22.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291 shares of the business services provider’s stock after buying an additional 54 shares during the period. EverSource Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC grew its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 60 shares during the last quarter. Quest Partners LLC increased its position 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 valued at $28,000 after buying an additional 67 shares in the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems in the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. boosted its holdings in FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 9,000 shares of company stock valued at $3,714,960. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of 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. Royal Bank of Canada raised their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. UBS Group boosted their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Stifel Nicolaus raised their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets boosted their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Four analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $446.67.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $455.67 on Friday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.33 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The business has a 50-day simple moving average of $423.72 and a 200-day simple moving average of $428.46.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results 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. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 earnings per share. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

FactSet Research Systems Company 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.