Lake Street Advisors Group LLC Purchases Shares of 1,064 FactSet Research Systems Inc. (FDS)

Lake Street Advisors Group LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,064 shares of the business services provider’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in FactSet Research Systems by 2.9% during the 4th quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock valued at $626,790,000 after acquiring an additional 91,419 shares in the last quarter. Bamco Inc. NY grew its stake in FactSet Research Systems by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after acquiring an additional 9,070 shares in the last quarter. Investec Asset Management LTD grew its stake in FactSet Research Systems by 73.2% during the 4th quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock valued at $210,448,000 after acquiring an additional 461,518 shares in the last quarter. Bares Capital Management Inc. grew its stake in FactSet Research Systems by 9.7% during the 3rd quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after acquiring an additional 59,249 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in FactSet Research Systems by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 477,371 shares of the business services provider’s stock valued at $85,979,000 after acquiring an additional 1,740 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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Shares of FactSet Research Systems stock opened at $203.85 on Friday. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $217.36. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7,955.04, a P/E ratio of 26.82, a PEG ratio of 2.21 and a beta of 0.90.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $0.56 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $2.24 annualized dividend and a dividend yield of 1.10%. FactSet Research Systems’s dividend payout ratio (DPR) is 33.79%.

Several analysts recently issued reports on FDS shares. DA Davidson started coverage on shares of FactSet Research Systems in a research note on Thursday, December 14th. They set a “neutral” rating and a $174.00 price objective for the company. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $239.00 price objective for the company in a research note on Tuesday, March 13th. Oppenheimer reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Tuesday, December 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $199.00 price objective on shares of FactSet Research Systems in a research note on Thursday, December 21st. Finally, Wells Fargo set a $185.00 price objective on shares of FactSet Research Systems and gave the company a “hold” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $186.77.

In other news, Director Scott A. Billeadeau sold 2,419 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $192.30, for a total value of $465,173.70. Following the completion of the sale, the director now owns 4,419 shares of the company’s stock, valued at approximately $849,773.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew J. Mcnulty sold 1,000 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $198.00, for a total transaction of $198,000.00. Following the completion of the sale, the vice president now directly owns 2,848 shares of the company’s stock, valued at approximately $563,904. The disclosure for this sale can be found here. In the last three months, insiders sold 55,406 shares of company stock valued at $10,957,561. Corporate insiders own 2.70% 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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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