Hsbc Holdings PLC Acquires 34,659 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Hsbc Holdings PLC lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,496 shares of the business services provider’s stock after acquiring an additional 34,659 shares during the period. Hsbc Holdings PLC’s holdings in FactSet Research Systems were worth $50,802,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems in the 4th quarter worth about $69,128,000. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after acquiring an additional 94,668 shares during the period. Wealthfront Advisers LLC grew its stake in FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after acquiring an additional 74,620 shares in the last quarter. Invesco Ltd. increased its holdings in FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after acquiring an additional 66,861 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in FactSet Research Systems in the 4th quarter worth approximately $31,975,000. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FDS. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, BMO Capital Markets cut their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $436.90.

FactSet Research Systems Trading Up 0.6 %

Shares of FDS opened at $427.97 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm has a 50 day moving average price of $438.01 and a 200-day moving average price of $460.59. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.93 and a beta of 0.82.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. FactSet Research Systems’s dividend payout ratio (DPR) 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.