FactSet Research Systems Inc. (NYSE:FDS) Position Boosted by Apeiron RIA LLC

Apeiron RIA LLC increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886 shares of the business services provider’s stock after purchasing an additional 55 shares during the quarter. Apeiron RIA LLC’s holdings in FactSet Research Systems were worth $426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares during the period. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares during the period. Charles Schwab Investment Management Inc. grew its position in FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in FactSet Research Systems by 21.0% during the 4th 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 and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on FDS shares. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $453.46.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $463.99 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company’s fifty day moving average is $478.12 and its 200-day moving average is $452.74. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76.

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

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

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.