Motley Fool Asset Management LLC Purchases 38 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Motley Fool Asset Management LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559 shares of the business services provider’s stock after purchasing an additional 38 shares during the quarter. Motley Fool Asset Management LLC’s holdings in FactSet Research Systems were worth $268,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in FactSet Research Systems by 14.0% in the third quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after buying an additional 9,506 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of FactSet Research Systems in the 3rd quarter valued at $704,000. Investment Management Corp of Ontario boosted its stake in shares of FactSet Research Systems by 32.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,214 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 300 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of FactSet Research Systems by 31.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,995 shares of the business services provider’s stock valued at $917,000 after purchasing an additional 472 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in FactSet Research Systems by 19.7% in the 3rd quarter. IHT Wealth Management LLC now owns 802 shares of the business services provider’s stock worth $368,000 after purchasing an additional 132 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed 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. Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets cut their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Finally, Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Trading Down 3.3 %

Shares of FDS opened at $436.99 on Friday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $452.90 and its 200-day moving average price is $464.96. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.22 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. 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.