National Bank of Canada FI Buys 2,976 Shares of FactSet Research Systems Inc. (NYSE:FDS)

National Bank of Canada FI increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,219 shares of the business services provider’s stock after acquiring an additional 2,976 shares during the quarter. National Bank of Canada FI’s holdings in FactSet Research Systems were worth $14,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares during the last quarter. Continuum Advisory LLC lifted its position in FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 156 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $102,000. Finally, Private Trust Co. NA raised its stake in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $415.36 on Friday. The business has a 50-day simple moving average of $451.88 and a two-hundred day simple moving average of $464.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter last year, the business earned $4.22 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now 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 legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FDS shares. 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 report on Friday, December 20th. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Five analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $436.27.

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.