K.J. Harrison & Partners Inc Invests $1.55 Million in FactSet Research Systems Inc. (NYSE:FDS)

K.J. Harrison & Partners Inc purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,250 shares of the business services provider’s stock, valued at approximately $1,550,000.

A number of other hedge funds also recently bought and sold shares of FDS. BKM Wealth Management LLC bought a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $1,174,000. Stratos Wealth Partners LTD. lifted its position in FactSet Research Systems by 12.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 237 shares in the last quarter. Advisors Preferred LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at $2,024,000. Cookson Peirce & Co. Inc. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $8,833,000. Finally, abrdn plc increased its holdings in shares of FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock worth $32,874,000 after purchasing an additional 10,230 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded up $2.76 during trading on Friday, reaching $421.47. The company had a trading volume of 185,143 shares, compared to its average volume of 241,371. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm’s 50-day simple moving average is $450.55 and its 200 day simple moving average is $454.98. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Sell-side analysts forecast that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on FDS. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $442.70.

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.