BlackRock Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,251,657 shares of the business services provider’s stock after purchasing an additional 91,419 shares during the period. BlackRock Inc. owned 0.08% of FactSet Research Systems worth $626,790,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Schroder Investment Management Group boosted its position in FactSet Research Systems by 18.8% during the 4th quarter. Schroder Investment Management Group now owns 195,847 shares of the business services provider’s stock worth $37,751,000 after purchasing an additional 30,927 shares during the period. Rhumbline Advisers boosted its position in FactSet Research Systems by 1.4% during the 4th quarter. Rhumbline Advisers now owns 99,727 shares of the business services provider’s stock worth $19,223,000 after purchasing an additional 1,398 shares during the period. Twin Tree Management LP purchased a new stake in FactSet Research Systems during the 4th quarter worth $421,000. Arizona State Retirement System boosted its position in FactSet Research Systems by 26.8% during the 4th quarter. Arizona State Retirement System now owns 28,150 shares of the business services provider’s stock worth $5,426,000 after purchasing an additional 5,941 shares during the period. Finally, First Allied Advisory Services Inc. boosted its position in FactSet Research Systems by 16.3% during the 4th quarter. First Allied Advisory Services Inc. now owns 4,450 shares of the business services provider’s stock worth $864,000 after purchasing an additional 623 shares during the period. 94.01% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on FDS shares. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Goldman Sachs Group assumed coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective on the stock. Northcoast Research lowered shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. DA Davidson assumed coverage on shares of FactSet Research Systems in a report on Thursday, December 14th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, Wells Fargo & Co set a $185.00 price objective on shares of FactSet Research Systems and gave the stock a “hold” rating in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $184.62.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.06. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The firm had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. During the same quarter in the previous year, the business posted $1.75 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. equities analysts expect that FactSet Research Systems Inc. will post 8.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be paid a $0.56 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.09%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.79%.
In other news, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $192.70, for a total value of $269,780.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott A. Billeadeau sold 2,419 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $192.30, for a total transaction of $465,173.70. Following the completion of the sale, the director now owns 4,419 shares in the company, valued at approximately $849,773.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,406 shares of company stock worth $10,957,561. Company insiders own 2.80% of the company’s stock.
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About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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