Goldman Sachs Group Inc. Has $132.14 Million Position in FactSet Research Systems Inc. $FDS

Goldman Sachs Group Inc. lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 69.5% during the fourth quarter, HoldingsChannel reports. The firm owned 455,371 shares of the business services provider’s stock after acquiring an additional 186,665 shares during the quarter. Goldman Sachs Group Inc.’s holdings in FactSet Research Systems were worth $132,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Winthrop Capital Management LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $303,000. Rothschild Wealth LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $231,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 21.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 126,411 shares of the business services provider’s stock valued at $36,683,000 after purchasing an additional 22,191 shares in the last quarter. MUFG Securities EMEA plc lifted its holdings in shares of FactSet Research Systems by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 1,536 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 812 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings in shares of FactSet Research Systems by 69.2% in the fourth quarter. AdvisorShares Investments LLC now owns 24,823 shares of the business services provider’s stock valued at $7,203,000 after purchasing an additional 10,153 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a report on Wednesday, April 1st. Barclays cut their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada cut their price target on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. UBS Group cut their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group cut their price target on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. One equities research 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 stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and a consensus target price of $279.62.

FactSet Research Systems Stock Performance

FDS opened at $246.36 on Tuesday. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $453.41. The firm has a market capitalization of $8.97 billion, a PE ratio of 15.84, a PEG ratio of 2.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50-day simple moving average is $228.26 and its 200 day simple moving average is $243.91.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the prior year, the company posted $4.28 earnings per share. FactSet Research Systems’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, May 29th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 1.9%. FactSet Research Systems’s dividend payout ratio is currently 29.84%.

FactSet Research Systems Profile

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.