FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,467 shares of the business services provider’s stock after buying an additional 4,713 shares during the quarter. Intech Investment Management LLC’s holdings in FactSet Research Systems were worth $7,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $30,000. Larson Financial Group LLC lifted its stake in FactSet Research Systems by 820.0% during the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its stake in FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 34 shares during the last quarter. Smithfield Trust Co lifted its stake in FactSet Research Systems by 51.6% in the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after buying an additional 32 shares during the last quarter. Finally, Milestone Investment Advisors LLC bought a new stake in FactSet Research Systems in the third quarter valued at $46,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Goran Skoko sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $428.57, for a total value of $1,759,708.42. Following the completion of the sale, the executive vice president now directly owns 5,262 shares in the company, valued at approximately $2,255,135.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders sold a total of 20,987 shares of company stock worth $9,083,347 in the last three months. 1.00% of the stock is owned by insiders.

FactSet Research Systems Stock Down 0.1 %

NYSE:FDS traded down $0.32 on Friday, hitting $436.04. 166,302 shares of the company’s stock traded hands, compared to its average volume of 212,224. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64. The firm has a 50-day moving average price of $438.80 and a 200-day moving average price of $454.74. The company has a market cap of $16.62 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. Equities analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s payout ratio is currently 31.04%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent research reports. Wolfe Research initiated coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price on the stock. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Barclays restated an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three investment 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 company currently has a consensus rating of “Hold” and a consensus target price of $443.56.

About FactSet Research Systems

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.