Raymond James & Associates Buys 2,772 Shares of FactSet Research Systems Inc. (FDS)

Raymond James & Associates lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,814 shares of the business services provider’s stock after purchasing an additional 2,772 shares during the quarter. Raymond James & Associates’ holdings in FactSet Research Systems were worth $18,277,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of FactSet Research Systems by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock valued at $626,790,000 after buying an additional 91,419 shares during the period. Bamco Inc. NY boosted its stake in shares of FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after buying an additional 9,070 shares during the period. Investec Asset Management LTD boosted its stake in shares of FactSet Research Systems by 73.2% in the fourth quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock valued at $210,448,000 after buying an additional 461,518 shares during the period. Bares Capital Management Inc. boosted its stake in shares of FactSet Research Systems by 9.7% in the third quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after buying an additional 59,249 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of FactSet Research Systems by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 477,371 shares of the business services provider’s stock valued at $85,979,000 after buying an additional 1,740 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

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FDS has been the subject of several recent research reports. Northcoast Research cut FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. DA Davidson initiated coverage on FactSet Research Systems in a research note on Thursday, December 14th. They set a “neutral” rating and a $174.00 target price for the company. Oppenheimer restated a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $199.00 target price on shares of FactSet Research Systems in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $186.92.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at $211.65 on Tuesday. The firm has a market capitalization of $8,373.74, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.64 and a current ratio of 2.64. FactSet Research Systems Inc. has a 12 month low of $155.09 and a 12 month high of $215.61.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.06. The company had revenue of $329.10 million during the quarter, compared to the consensus estimate of $330.49 million. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. equities analysts anticipate that FactSet Research Systems Inc. will post 8.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.56 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.24 annualized dividend and a dividend yield of 1.06%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.79%.

In other news, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $192.70, for a total transaction of $269,780.00. Following the completion of the transaction, the vice president now directly owns 3,248 shares in the company, valued at $625,889.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Mcgonigle sold 1,186 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $193.92, for a total transaction of $229,989.12. Following the transaction, the director now owns 22,754 shares of the company’s stock, valued at $4,412,455.68. The disclosure for this sale can be found here. Insiders have sold 55,406 shares of company stock valued at $10,957,561 over the last quarter. Company insiders own 2.80% of the company’s stock.

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FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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