Desjardins Global Asset Management Inc. Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Desjardins Global Asset Management Inc. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 69.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83 shares of the business services provider’s stock after purchasing an additional 34 shares during the period. Desjardins Global Asset Management Inc.’s holdings in FactSet Research Systems were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in FactSet Research Systems by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock valued at $1,866,025,000 after purchasing an additional 52,604 shares during the last quarter. Bamco Inc. NY boosted its holdings in FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after purchasing an additional 8,862 shares during the last quarter. State Street Corp raised its stake in FactSet Research Systems by 1.7% during the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after buying an additional 32,550 shares in the last quarter. Morgan Stanley raised its stake in FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in FactSet Research Systems by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,078,226 shares of the business services provider’s stock valued at $447,561,000 after buying an additional 8,564 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $6,147,798.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FDS. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Barclays restated an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets upped their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Trading Up 1.1 %

Shares of NYSE FDS opened at $434.21 on Friday. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.72. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. 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 stock’s 50 day simple moving average is $454.49 and its 200 day simple moving average is $455.78.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.39. The business 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%. Equities research analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is currently 31.04%.

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.