American Century Companies Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,493 shares of the business services provider's stock after acquiring an additional 4,763 shares during the quarter. American Century Companies Inc.'s holdings in FactSet Research Systems were worth $7,441,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Continuum Advisory LLC raised its position in shares of FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock valued at $79,000 after buying an additional 156 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after buying an additional 33 shares during the period. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems in the 4th quarter worth approximately $102,000. Finally, Private Trust Co. NA raised its holdings in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after acquiring an additional 22 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CAO Gregory T. Moskoff sold 363 shares of the firm's 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 completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.
FactSet Research Systems Stock Down 1.8 %
NYSE FDS traded down $7.21 during trading hours on Tuesday, hitting $398.38. The company had a trading volume of 311,656 shares, compared to its average volume of 283,720. The firm's 50 day moving average is $447.72 and its 200 day moving average is $463.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 2.93 and a beta of 0.82.
FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its 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 business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.22 earnings per share. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on FDS shares. Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" 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 issued a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $436.27.
Read Our Latest Analysis on FactSet Research Systems
About FactSet Research Systems
(
Free Report)
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.
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