Norges Bank Takes $151.49 Million Position in FactSet Research Systems Inc. $FDS

Norges Bank purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, Holdings Channel reports. The firm purchased 522,045 shares of the business services provider’s stock, valued at approximately $151,492,000.

Other institutional investors have also made changes to their positions in the company. Mattern Capital Management LLC increased its holdings in shares of FactSet Research Systems by 48.8% in the 4th quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock valued at $8,819,000 after acquiring an additional 9,971 shares during the last quarter. Nuance Investments LLC bought a new position in FactSet Research Systems during the 3rd quarter worth $2,733,000. Fiera Capital Corp grew its stake in FactSet Research Systems by 5.3% during the 3rd quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock worth $80,271,000 after buying an additional 14,133 shares during the last quarter. Mcdonald Capital Investors Inc. CA bought a new position in FactSet Research Systems during the 3rd quarter worth $28,320,000. Finally, Heron Bay Capital Management grew its stake in FactSet Research Systems by 52.6% during the 3rd quarter. Heron Bay Capital Management now owns 55,359 shares of the business services provider’s stock worth $15,860,000 after buying an additional 19,072 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FDS shares. The Goldman Sachs Group lowered their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research note on Wednesday, April 1st. Wells Fargo & Company upped their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada lowered their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $279.62.

FactSet Research Systems Trading Down 0.9%

Shares of FDS stock opened at $253.42 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $453.41. The stock has a fifty day moving average of $224.85 and a two-hundred day moving average of $244.34. The firm has a market capitalization of $9.23 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the previous year, the firm posted $4.28 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.66 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a dividend of $1.16 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 1.8%. FactSet Research Systems’s payout ratio is presently 29.84%.

FactSet Research Systems Company Profile

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.