2,823 Shares in FactSet Research Systems Inc. $FDS Acquired by Tobam

Tobam acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,823 shares of the business services provider’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BDFS Capital LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at $492,000. Pacer Advisors Inc. raised its stake in shares of FactSet Research Systems by 12.6% in the fourth quarter. Pacer Advisors Inc. now owns 3,486 shares of the business services provider’s stock worth $1,012,000 after purchasing an additional 391 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of FactSet Research Systems during the fourth quarter valued at $297,000. Corient Private Wealth LLC lifted its holdings in shares of FactSet Research Systems by 186.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,014 shares of the business services provider’s stock valued at $3,486,000 after purchasing an additional 7,827 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of FactSet Research Systems by 304.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,570 shares of the business services provider’s stock valued at $3,648,000 after buying an additional 9,462 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Price Performance

FDS stock opened at $222.34 on Friday. 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 company’s fifty day moving average price is $231.04 and its 200-day moving average price is $241.64. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41. The company has a market capitalization of $8.10 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.09. The company had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $4.28 earnings per share. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. The ex-dividend date was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.84%.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of recent analyst reports. Barclays decreased their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. UBS Group decreased their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a research note on Thursday. The Goldman Sachs Group downgraded shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $267.69.

FactSet Research Systems Company 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.