Norges Bank Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Norges Bank bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,260 shares of the business services provider's stock, valued at approximately $12,132,000. Norges Bank owned approximately 0.07% of FactSet Research Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. FMR LLC raised its position in FactSet Research Systems by 14.0% in the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider's stock valued at $35,614,000 after purchasing an additional 9,506 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in FactSet Research Systems by 31.0% in the third quarter. Integrated Wealth Concepts LLC now owns 1,995 shares of the business services provider's stock worth $917,000 after acquiring an additional 472 shares during the last quarter. IHT Wealth Management LLC grew its holdings in FactSet Research Systems by 19.7% during the 3rd quarter. IHT Wealth Management LLC now owns 802 shares of the business services provider's stock worth $368,000 after acquiring an additional 132 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of FactSet Research Systems by 37.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,332 shares of the business services provider's stock valued at $1,073,000 after purchasing an additional 631 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of FactSet Research Systems in the 3rd quarter valued at $4,070,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FDS shares. BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group dropped their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company lowered shares of 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. Finally, Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Price Performance

Shares of FDS traded up $9.24 during trading hours on Friday, reaching $425.93. The company had a trading volume of 266,476 shares, compared to its average volume of 284,814. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The firm has a 50 day simple moving average of $444.02 and a 200-day simple moving average of $462.46. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $4.22 EPS. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm'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 completion of the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. This trade represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Company 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.