Mcdonald Capital Investors Inc. CA boosted its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,141 shares of the business services provider’s stock after purchasing an additional 2,397 shares during the quarter. FactSet Research Systems comprises 2.8% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 16th biggest position. Mcdonald Capital Investors Inc. CA owned 0.52% of FactSet Research Systems worth $40,825,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of FDS. Cromwell Holdings LLC bought a new position in FactSet Research Systems in the 4th quarter valued at about $26,000. WPG Advisers LLC lifted its holdings in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares during the period. Field & Main Bank acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $29,000. BOKF NA increased its stake in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 102 shares during the last quarter. Finally, Navalign LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at approximately $32,000. Institutional investors own 91.24% of the company’s stock.
FactSet Research Systems Stock Performance
Shares of FDS stock opened at $263.20 on Tuesday. The stock has a market capitalization of $9.36 billion, a PE ratio of 17.34, a PEG ratio of 1.66 and a beta of 0.72. The business’s 50 day simple moving average is $234.22 and its 200 day simple moving average is $235.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41.
FactSet Research Systems Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a dividend of $1.16 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. FactSet Research Systems’s payout ratio is 30.57%.
Analysts Set New Price Targets
FDS has been the topic of a number of research analyst reports. UBS Group reduced their target price on FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Morgan Stanley upped their price objective on FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Barclays raised their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft lifted their target price on FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Bank of America boosted their target price on FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $253.00.
Read Our Latest Stock Report on FactSet Research Systems
About FactSet Research Systems
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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