Fisher Asset Management LLC Purchases 22,598 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Fisher Asset Management LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 89.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,783 shares of the business services provider’s stock after acquiring an additional 22,598 shares during the quarter. Fisher Asset Management LLC owned about 0.13% of FactSet Research Systems worth $22,949,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FDS. Nordea Investment Management AB raised its holdings in FactSet Research Systems by 21.0% in 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 acquiring an additional 59,173 shares during the period. Proficio Capital Partners LLC bought a new position in FactSet Research Systems in the 4th quarter valued at about $26,338,000. JPMorgan Chase & Co. raised its holdings 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 valued at $226,867,000 after acquiring an additional 52,741 shares during the period. State Street Corp raised its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in FactSet Research Systems by 11.2% in the 4th quarter. Bank of New York Mellon Corp now owns 276,779 shares of the business services provider’s stock valued at $132,932,000 after acquiring an additional 27,836 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $458.13 on Tuesday. 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 has a market capitalization of $17.42 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 2.93 and a beta of 0.77. The firm’s 50 day simple moving average is $466.16 and its 200 day simple moving average is $462.57. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

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

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FDS shares. UBS Group increased their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Wells Fargo & Company lowered their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley raised their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $453.23.

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.