Nicholson Wealth Management Group LLC Invests $794,000 in FactSet Research Systems Inc. (NYSE:FDS)

Nicholson Wealth Management Group LLC bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,727 shares of the business services provider’s stock, valued at approximately $794,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDS. Dakota Wealth Management boosted its holdings in shares of FactSet Research Systems by 18.2% in the 3rd quarter. Dakota Wealth Management now owns 2,172 shares of the business services provider’s stock valued at $999,000 after acquiring an additional 334 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in FactSet Research Systems by 21.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,989 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 352 shares during the period. IFM Investors Pty Ltd lifted its position in FactSet Research Systems by 1.4% during the third quarter. IFM Investors Pty Ltd now owns 7,733 shares of the business services provider’s stock valued at $3,556,000 after purchasing an additional 104 shares during the period. Lafayette Investments Inc. boosted its holdings in FactSet Research Systems by 9.6% in the third quarter. Lafayette Investments Inc. now owns 729 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 64 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $38,909,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,362 shares of company stock worth $12,688,945. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent research reports. Stifel Nicolaus upped 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. BMO Capital Markets upped their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, UBS Group raised their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $443.57.

FactSet Research Systems Price Performance

NYSE:FDS opened at $456.63 on Friday. The stock has a 50 day moving average of $444.30 and a two-hundred day moving average of $428.81. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market cap of $17.37 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the company earned $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, August 30th. 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.