900 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 900 shares of the business services provider’s stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDS. Private Advisor Group LLC raised its holdings in shares of FactSet Research Systems by 8.1% in the 2nd quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock valued at $722,000 after buying an additional 132 shares during the period. Acadian Asset Management LLC acquired a new position in shares of FactSet Research Systems in the second quarter valued at approximately $227,000. Quest Partners LLC grew its holdings in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Choreo LLC purchased a new stake in FactSet Research Systems during the 2nd quarter worth approximately $208,000. Finally, American Century Companies Inc. grew its stake in shares of FactSet Research Systems by 8.5% in the second quarter. American Century Companies Inc. now owns 10,188 shares of the business services provider’s stock worth $4,159,000 after acquiring an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Down 0.2 %

FDS opened at $453.76 on Wednesday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $17.26 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The business’s 50-day simple moving average is $481.39 and its 200-day simple moving average is $450.70.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 earnings per share. Analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FDS. Wells Fargo & Company lifted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Stifel Nicolaus boosted their price objective 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. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five 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 has a consensus rating of “Hold” and an average price target of $453.46.

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.