FactSet Research Systems Inc. $FDS Shares Bought by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1,455.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,800 shares of the business services provider’s stock after buying an additional 2,620 shares during the period. Pilgrim Partners Asia Pte Ltd’s holdings in FactSet Research Systems were worth $813,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FDS. M&T Bank Corp increased its position in FactSet Research Systems by 3,285.3% during the fourth quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock worth $89,356,000 after buying an additional 298,827 shares during the period. Two Sigma Investments LP increased its position in FactSet Research Systems by 1,356.3% during the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock worth $80,151,000 after buying an additional 260,557 shares during the period. Barclays PLC increased its position in FactSet Research Systems by 159.3% during the third quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock worth $78,079,000 after buying an additional 167,424 shares during the period. First Trust Advisors LP increased its position in FactSet Research Systems by 1,221.1% during the third quarter. First Trust Advisors LP now owns 160,446 shares of the business services provider’s stock worth $45,966,000 after buying an additional 148,301 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of FactSet Research Systems by 190.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 206,711 shares of the business services provider’s stock valued at $59,221,000 after purchasing an additional 135,431 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 2.2%

FactSet Research Systems stock opened at $219.50 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The company has a market cap of $8.00 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.95 and a beta of 0.69. The stock’s 50 day moving average price is $217.84 and its 200 day moving average price is $251.29.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period in the previous year, the business earned $4.28 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. Bank of America initiated coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price on the stock. UBS Group lowered their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group lowered their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research note on Wednesday, April 1st. Finally, Evercore lifted their target price on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $279.85.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.