2,259 Shares in FactSet Research Systems Inc. $FDS Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDSFree Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,259 shares of the business services provider’s stock, valued at approximately $656,000.

Other hedge funds also recently bought and sold shares of the company. Mattern Capital Management LLC lifted its position in FactSet Research Systems by 48.8% in the 4th quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after buying an additional 9,971 shares during the last quarter. Fiera Capital Corp lifted its position in FactSet Research Systems by 5.3% in the 3rd quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock worth $80,271,000 after buying an additional 14,133 shares during the last quarter. Mcdonald Capital Investors Inc. CA bought a new stake in FactSet Research Systems in the 3rd quarter worth approximately $28,320,000. Heron Bay Capital Management lifted its position in FactSet Research Systems by 52.6% in the 3rd quarter. Heron Bay Capital Management now owns 55,359 shares of the business services provider’s stock worth $15,860,000 after buying an additional 19,072 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock worth $245,247,000 after buying an additional 26,865 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent research reports. Bank of America began coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price for the company. UBS Group lowered their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Finally, Royal Bank Of Canada lowered their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $279.62.

View Our Latest Research Report on FactSet Research Systems

FactSet Research Systems Price Performance

Shares of FDS stock opened at $235.62 on Tuesday. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 2.01 and a beta of 0.71. The business’s fifty day moving average is $230.99 and its 200 day moving average is $242.79. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.28 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.0%. FactSet Research Systems’s payout ratio is currently 29.84%.

FactSet Research Systems Profile

(Free Report)

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.

Further Reading

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

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