5,532 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,532 shares of the business services provider’s stock, valued at approximately $2,657,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDS. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems in the 4th quarter valued at $29,000. Allworth Financial LP raised its position in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC raised its position in FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of FactSet Research Systems during the fourth quarter worth about $102,000. Finally, Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after buying an additional 22 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS opened at $459.96 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The firm has a fifty day moving average of $433.40 and a 200-day moving average of $458.32. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter in the prior year, the firm earned $4.22 EPS. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a $1.10 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. BMO Capital Markets dropped their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Morgan Stanley cut their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $436.90.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems 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.