UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 16.8% during the fourth quarter, Holdings Channel reports. The firm owned 297,822 shares of the business services provider’s stock after acquiring an additional 42,808 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FactSet Research Systems were worth $143,038,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Point72 Asset Management L.P. purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $66,368,000. Geode Capital Management LLC grew its position in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after buying an additional 94,668 shares during the period. Meridiem Capital Partners LP purchased a new stake in FactSet Research Systems during the fourth quarter worth about $41,241,000. Finally, Wealthfront Advisers LLC raised its position in FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock worth $36,712,000 after acquiring an additional 74,620 shares during the period. 91.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FDS. UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. BMO Capital Markets reduced their price objective on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley dropped their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $436.90.

FactSet Research Systems Trading Down 0.1%

NYSE:FDS opened at $463.65 on Friday. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The stock’s fifty day moving average price is $437.97 and its two-hundred day moving average price is $458.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $17.59 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the previous year, the company posted $4.22 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

FactSet Research Systems 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.