FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 17.2% in the 4th quarter, Holdings Channel reports. The fund owned 456,149 shares of the business services provider’s stock after acquiring an additional 66,861 shares during the quarter. Invesco Ltd.’s holdings in FactSet Research Systems were worth $219,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FDS. Quantinno Capital Management LP grew its position in FactSet Research Systems by 37.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,332 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 631 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter valued at about $364,000. MML Investors Services LLC increased its stake in shares of FactSet Research Systems by 6.0% during the third quarter. MML Investors Services LLC now owns 2,177 shares of the business services provider’s stock worth $1,001,000 after acquiring an additional 123 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 8.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider’s stock worth $5,273,000 after purchasing an additional 894 shares in the last quarter. Finally, M&T Bank Corp lifted its position in FactSet Research Systems by 25.7% in the third quarter. M&T Bank Corp now owns 11,525 shares of the business services provider’s stock valued at $5,299,000 after purchasing an additional 2,354 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on FDS shares. BMO Capital Markets reduced their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their target price 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. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $436.90.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 2.2 %

NYSE FDS opened at $425.93 on Friday. The company has a market cap of $16.16 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average of $444.02 and a 200-day moving average of $462.46.

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

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.98%. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

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.