FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,791 shares of the business services provider’s stock after purchasing an additional 208 shares during the quarter. Metis Global Partners LLC’s holdings in FactSet Research Systems were worth $1,331,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FDS. Morgan Stanley grew its position in shares of FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after purchasing an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after acquiring an additional 212,204 shares during the last quarter. International Assets Investment Management LLC acquired a new position in FactSet Research Systems during the fourth quarter worth about $45,288,000. JPMorgan Chase & Co. boosted its position in FactSet Research Systems by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after acquiring an additional 66,986 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in FactSet Research Systems by 45.1% during the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after acquiring an additional 57,502 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In other news, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,772 shares of company stock valued at $6,371,121. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Wolfe Research assumed coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $433.90 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.71 and a beta of 0.73. The company’s 50-day moving average is $445.32 and its two-hundred day moving average is $453.99. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 22.72% and a return on equity of 34.36%. Analysts forecast that FactSet Research Systems Inc. will post 15.82 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s payout ratio is 31.04%.

FactSet Research Systems Company 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.