3,084 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,084 shares of the business services provider's stock, valued at approximately $1,481,000.

Other hedge funds have also made changes to their positions in the company. Procyon Advisors LLC lifted its position in shares of FactSet Research Systems by 2.5% in the 4th quarter. Procyon Advisors LLC now owns 6,802 shares of the business services provider's stock worth $3,267,000 after acquiring an additional 166 shares during the period. Empirical Asset Management LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $1,329,000. JGP Wealth Management LLC raised its stake in shares of FactSet Research Systems by 1.3% in the fourth quarter. JGP Wealth Management LLC now owns 20,813 shares of the business services provider's stock valued at $9,996,000 after purchasing an additional 265 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in FactSet Research Systems by 12.2% in the fourth quarter. Outlook Wealth Advisors LLC now owns 884 shares of the business services provider's stock worth $425,000 after purchasing an additional 96 shares during the period. Finally, Burney Co. boosted its stake in FactSet Research Systems by 10.8% during the fourth quarter. Burney Co. now owns 2,718 shares of the business services provider's stock worth $1,305,000 after buying an additional 265 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FDS shares. UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a report on Friday, December 20th. Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 target price for the company. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Finally, Redburn Atlantic lowered FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $453.46.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $2.67 during trading on Friday, reaching $462.64. The company had a trading volume of 388,302 shares, compared to its average volume of 279,694. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The business's 50 day moving average price is $480.02 and its 200-day moving average price is $451.95. The stock has a market cap of $17.59 billion, a PE ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.12 EPS. 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 declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 29th. FactSet Research Systems's dividend payout ratio is 29.82%.

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.