Mission Wealth Management LP Has $1.20 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mission Wealth Management LP lifted its holdings in FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 9.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,759 shares of the business services provider’s stock after buying an additional 233 shares during the quarter. Mission Wealth Management LP’s holdings in FactSet Research Systems were worth $1,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at approximately $25,000. Baillie Gifford & Co. acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at approximately $30,000. Quent Capital LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at approximately $32,000. Tyler Stone Wealth Management acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at approximately $36,000. Finally, CVA Family Office LLC grew its position in shares of FactSet Research Systems by 347.8% in the 4th quarter. CVA Family Office LLC now owns 103 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 89.99% of the company’s stock.

Shares of FactSet Research Systems stock opened at $395.81 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $332.67 and a 12-month high of $495.39. The stock has a market cap of $15.00 billion, a P/E ratio of 38.84, a P/E/G ratio of 2.94 and a beta of 0.78. The company has a quick ratio of 3.72, a current ratio of 1.99 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is $376.78 and its 200-day moving average is $411.55.

FactSet Research Systems (NYSE:FDSGet Rating) last announced its quarterly earnings data on Thursday, June 23rd. The business services provider reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.58. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. During the same quarter in the previous year, the company posted $2.72 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 13.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Tuesday, May 31st were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, May 27th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.82. This represents a $3.56 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s payout ratio is presently 34.94%.

In other FactSet Research Systems news, insider Gene D. Fernandez sold 16,517 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $442.99, for a total value of $7,316,865.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph Zimmel sold 1,207 shares of the company’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $443.11, for a total value of $534,833.77. Following the completion of the transaction, the director now directly owns 2,542 shares in the company, valued at $1,126,385.62. The disclosure for this sale can be found here. Insiders have sold a total of 30,563 shares of company stock worth $12,888,345 over the last three months. 0.83% of the stock is owned by insiders.

Several equities analysts recently issued reports on FDS shares. Stifel Nicolaus decreased their price objective on FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating for the company in a research report on Friday, June 24th. Barclays cut their target price on FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating on the stock in a research note on Friday, June 24th. UBS Group boosted their target price on FactSet Research Systems from $432.00 to $454.00 and gave the company a “neutral” rating in a research note on Monday, March 28th. Credit Suisse Group cut their target price on FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating on the stock in a research note on Friday, June 24th. Finally, Morgan Stanley cut their target price on FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $407.50.

FactSet Research Systems Profile (Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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.

Further Reading

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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