Koshinski Asset Management Inc. Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Koshinski Asset Management Inc. grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 14.8% during the 4th quarter, Holdings Channel reports. The fund owned 891 shares of the business services provider’s stock after acquiring an additional 115 shares during the period. Koshinski Asset Management Inc.’s holdings in FactSet Research Systems were worth $428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. Natixis Advisors LLC lifted its position in FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after buying an additional 1,260 shares during the period. Nordea Investment Management AB lifted its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after buying an additional 1,436 shares during the period. Finally, Jensen Investment Management Inc. lifted its position in FactSet Research Systems by 11.6% during the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after buying an additional 1,250 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

FactSet Research Systems Price Performance

FDS stock opened at $464.54 on Thursday. 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 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market cap of $17.67 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The stock has a 50-day simple moving average of $478.75 and a 200-day simple moving average of $452.66.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the firm earned $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FDS shares. BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $453.46.

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.