New York Life Investment Management LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 65.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,468 shares of the business services provider’s stock after acquiring an additional 3,343 shares during the period. New York Life Investment Management LLC’s holdings in FactSet Research Systems were worth $2,457,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of FDS. Daiwa Securities Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after acquiring an additional 30 shares during the period. Aurora Investment Managers LLC. grew its holdings in shares of FactSet Research Systems by 0.9% in the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 35 shares during the last quarter. Covestor Ltd grew its holdings in shares of FactSet Research Systems by 53.4% in the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock worth $33,000 after purchasing an additional 39 shares during the last quarter. WPG Advisers LLC increased its position in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in shares of FactSet Research Systems by 3.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock worth $361,000 after purchasing an additional 43 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have commented on FDS. Barclays reduced their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. UBS Group reduced their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company increased their price target on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada dropped their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $279.85.
FactSet Research Systems Stock Up 5.5%
Shares of NYSE:FDS opened at $224.33 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market cap of $8.17 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.85 and a beta of 0.69. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $473.33. The company’s 50-day moving average price is $218.02 and its two-hundred day moving average price is $246.65.
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same period in the prior year, the business earned $4.28 earnings per share. FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.
FactSet Research Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 2.1%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.
About FactSet Research Systems
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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