Aviva PLC Acquires 807 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Aviva PLC boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,532 shares of the business services provider’s stock after acquiring an additional 807 shares during the quarter. Aviva PLC’s holdings in FactSet Research Systems were worth $21,804,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FDS. Accurate Wealth Management LLC bought a new position in FactSet Research Systems in the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $32,000. Baldwin Brothers LLC MA bought a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $34,000. CoreCap Advisors LLC bought a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $34,000. Finally, Guardian Wealth Advisors LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $40,000. Institutional investors own 89.98% of the company’s stock.

FactSet Research Systems Trading Up 0.1 %

FactSet Research Systems stock opened at $385.07 on Friday. The stock has a market cap of $14.76 billion, a P/E ratio of 33.43, a PEG ratio of 2.63 and a beta of 0.83. FactSet Research Systems Inc. has a fifty-two week low of $345.92 and a fifty-two week high of $474.13. The firm’s fifty day moving average price is $404.91 and its 200-day moving average price is $418.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.09 and a current ratio of 2.09.

FactSet Research Systems (NYSE:FDS – Get Rating) last released its quarterly earnings results on Thursday, March 23rd. The business services provider reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.15. The firm had revenue of $515.10 million for the quarter, compared to analysts’ expectations of $510.79 million. FactSet Research Systems had a net margin of 22.30% and a return on equity of 40.18%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.27 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post 14.63 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.89. FactSet Research Systems’s dividend payout ratio is currently 30.90%.

Insider Activity at FactSet Research Systems

In related news, CTO Katherine M. Stepp sold 297 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $417.58, for a total value of $124,021.26. Following the transaction, the chief technology officer now owns 451 shares of the company’s stock, valued at $188,328.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FactSet Research Systems news, EVP Goran Skoko sold 7,969 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $412.96, for a total transaction of $3,290,878.24. Following the completion of the sale, the executive vice president now directly owns 4,352 shares in the company, valued at $1,797,201.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Katherine M. Stepp sold 297 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $417.58, for a total transaction of $124,021.26. Following the sale, the chief technology officer now owns 451 shares of the company’s stock, valued at $188,328.58. The disclosure for this sale can be found here. Insiders have sold a total of 15,537 shares of company stock valued at $6,404,608 over the last 90 days. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

FDS has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of FactSet Research Systems in a research report on Monday, May 15th. They set a “market perform” rating and a $424.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of FactSet Research Systems in a research report on Tuesday, May 9th. They set an “equal weight” rating and a $435.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of FactSet Research Systems in a report on Friday, March 24th. CICC Research initiated coverage on shares of FactSet Research Systems in a report on Friday, March 17th. They issued an “outperform” rating on the stock. Finally, Redburn Partners raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating in a report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $445.78.

About FactSet Research Systems

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FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.