Point72 Asset Management L.P. Invests $66.37 Million in FactSet Research Systems Inc. (NYSE:FDS)

Point72 Asset Management L.P. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 138,186 shares of the business services provider’s stock, valued at approximately $66,368,000.

Other large investors have also bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $29,000. Allworth Financial LP grew its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC grew its holdings in FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. acquired a new stake in FactSet Research Systems in the fourth quarter worth $102,000. Finally, Private Trust Co. NA grew its holdings in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

FactSet Research Systems Stock Up 2.0%

FDS opened at $469.22 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average is $433.92 and its 200 day moving average is $458.39. 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 market capitalization of $17.81 billion, a P/E ratio of 33.64, a PEG ratio of 2.93 and a beta of 0.88.

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

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.29%.

Analyst Upgrades and Downgrades

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

FactSet Research Systems 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.