Los Angeles Capital Management LLC Invests $2.19 Million in FactSet Research Systems Inc. (NYSE:FDS)

Los Angeles Capital Management LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,581 shares of the business services provider’s stock, valued at approximately $2,185,000.

Other large investors have also recently made changes to their positions in the company. Morgan Stanley raised 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 worth $610,515,000 after acquiring an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 671.0% in the 3rd 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 purchasing an additional 212,204 shares during the period. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the fourth quarter worth approximately $45,288,000. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after buying an additional 66,986 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after buying an additional 57,502 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FactSet Research Systems news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold 14,772 shares of company stock valued at $6,371,121 over the last 90 days. 1.00% of the stock is owned by insiders.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $436.08 on Tuesday. The company’s 50-day moving average is $446.49 and its two-hundred day moving average is $454.09. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. 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 $16.62 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. 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 disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $1.04 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s payout ratio is 31.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on FDS shares. Wolfe Research initiated coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. The Goldman Sachs Group raised their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. BMO Capital Markets boosted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Stifel Nicolaus restated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $442.70.

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.