Bank of New York Mellon Corp Acquires 27,836 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Bank of New York Mellon Corp increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 11.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 276,779 shares of the business services provider’s stock after purchasing an additional 27,836 shares during the quarter. Bank of New York Mellon Corp’s holdings in FactSet Research Systems were worth $132,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $413,000. Geode Capital Management LLC grew its holdings in FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 1,436 shares during the period. Natixis Advisors LLC grew its holdings in FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after purchasing an additional 1,260 shares during the period. Finally, Nordea Investment Management AB grew its holdings in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $461.93 on Friday. The company’s fifty day simple moving average is $466.78 and its 200-day simple moving average is $461.40. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.57 billion, a PE ratio of 33.11, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 earnings per share. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Finally, UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $453.23.

About FactSet Research Systems

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.