Vanguard Group Inc. Has $2.24 Billion Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Vanguard Group Inc. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.0% during the fourth quarter, Holdings Channel reports. The firm owned 4,657,480 shares of the business services provider’s stock after purchasing an additional 684 shares during the period. Vanguard Group Inc. owned 0.12% of FactSet Research Systems worth $2,236,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FDS. Brooklyn Investment Group bought a new position in FactSet Research Systems during the third quarter valued at about $35,000. Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% in the 4th 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 last quarter. Continuum Advisory LLC raised its position in shares of FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 156 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of 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 buying an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the 4th quarter valued at $102,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This 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 through this link. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $440.90 on Thursday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a 50 day moving average of $454.52 and a 200-day moving average of $464.67. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77.

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. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $4.22 EPS. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

Analyst Ratings Changes

FDS has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley dropped 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 research report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $436.27.

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.