Swiss National Bank boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,751 shares of the business services provider’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank’s holdings in FactSet Research Systems were worth $12,867,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. California Public Employees Retirement System raised its position in FactSet Research Systems by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 86,637 shares of the business services provider’s stock worth $16,700,000 after acquiring an additional 3,876 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in FactSet Research Systems by 6.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,406 shares of the business services provider’s stock worth $1,042,000 after acquiring an additional 346 shares in the last quarter. Delaney Dennis R bought a new stake in FactSet Research Systems in the fourth quarter worth about $213,000. New Amsterdam Partners LLC NY bought a new stake in FactSet Research Systems in the fourth quarter worth about $373,000. Finally, Checchi Capital Advisers LLC bought a new stake in FactSet Research Systems in the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.
In related news, VP Matthew J. Mcnulty sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $192.70, for a total value of $269,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Mcgonigle sold 1,186 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $193.92, for a total value of $229,989.12. Following the completion of the sale, the director now owns 22,754 shares of the company’s stock, valued at $4,412,455.68. The disclosure for this sale can be found here. In the last three months, insiders sold 55,406 shares of company stock valued at $10,957,561. 2.80% of the stock is currently owned by company insiders.
FactSet Research Systems Inc. (NYSE:FDS) opened at $202.18 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.64 and a current ratio of 2.64. FactSet Research Systems Inc. has a 12 month low of $155.09 and a 12 month high of $209.02. The firm has a market capitalization of $7,889.85, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. The business had revenue of $329.10 million during the quarter, compared to analysts’ expectations of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.75 EPS. equities research analysts forecast that FactSet Research Systems Inc. will post 8.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be paid a $0.56 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.24 annualized dividend and a dividend yield of 1.11%. FactSet Research Systems’s payout ratio is 33.79%.
A number of brokerages recently weighed in on FDS. Morgan Stanley lifted their price target on FactSet Research Systems from $179.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Piper Jaffray Companies reissued a “hold” rating and issued a $199.00 price target on shares of FactSet Research Systems in a research note on Thursday, December 21st. Oppenheimer reissued a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Wells Fargo & Co set a $185.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, DA Davidson began coverage on FactSet Research Systems in a research note on Thursday, December 14th. They issued a “neutral” rating and a $174.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $184.62.
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About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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