Allstate Corp Invests $537,000 in FactSet Research Systems Inc. (NYSE:FDS)

Allstate Corp purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,118 shares of the business services provider's stock, valued at approximately $537,000.

Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its position in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock valued at $79,000 after purchasing an additional 156 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems during the fourth quarter worth about $102,000. Finally, Private Trust Co. NA grew its position in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

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FactSet Research Systems Price Performance

FDS stock traded down $21.79 during trading on Friday, hitting $415.36. The stock had a trading volume of 769,259 shares, compared to its average volume of 282,860. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company's 50 day moving average price is $451.88 and its two-hundred day moving average price is $464.94. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analyst estimates 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 was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.22 earnings per share. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FDS shares. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets lowered their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. 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. Finally, Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $436.27.

About FactSet Research Systems

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.