OFI Invest Asset Management Buys Shares of 4,700 FactSet Research Systems Inc. (NYSE:FDS)

OFI Invest Asset Management bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,700 shares of the business services provider’s stock, valued at approximately $2,180,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of FactSet Research Systems by 21.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 88 shares during the period. Van ECK Associates Corp increased its holdings in shares of FactSet Research Systems by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,956 shares of the business services provider’s stock valued at $3,690,000 after acquiring an additional 752 shares during the period. QRG Capital Management Inc. increased its holdings in shares of FactSet Research Systems by 6.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,127 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 69 shares during the period. Amalgamated Bank increased its holdings in shares of FactSet Research Systems by 2.4% in the 3rd quarter. Amalgamated Bank now owns 8,116 shares of the business services provider’s stock valued at $3,732,000 after acquiring an additional 190 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of FactSet Research Systems by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider’s stock valued at $22,437,000 after acquiring an additional 1,443 shares during the period. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDS. Wells Fargo & Company cut their price target on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Morgan Stanley boosted their target price 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. BMO Capital Markets dropped 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 note on Monday, December 23rd. Finally, Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Stock Down 0.2 %

FactSet Research Systems stock opened at $440.67 on Monday. The company has a market cap of $16.76 billion, a PE ratio of 31.59, a PEG ratio of 2.93 and a beta of 0.77. The business’s 50-day simple moving average is $462.37 and its two-hundred day simple moving average is $463.44. 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 $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 EPS. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.