APG Asset Management N.V. Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

APG Asset Management N.V. grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 381.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,500 shares of the business services provider's stock after buying an additional 21,000 shares during the period. APG Asset Management N.V. owned approximately 0.07% of FactSet Research Systems worth $12,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during 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 period. Continuum Advisory LLC lifted its holdings in FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock worth $79,000 after purchasing an additional 156 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems during the fourth quarter valued at approximately $102,000. Finally, Private Trust Co. NA boosted its position in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after buying an additional 22 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

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FactSet Research Systems Stock Performance

Shares of FDS stock traded down $4.90 during trading on Wednesday, reaching $431.33. 43,440 shares of the company's stock were exchanged, compared to its average volume of 284,371. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average price is $442.69 and its 200-day moving average price is $462.15. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The stock has a market capitalization of $16.37 billion, a PE ratio of 30.92, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same period in the previous year, the company posted $4.22 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is presently 29.59%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FDS. UBS Group lowered their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus increased their target price on 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 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, BMO Capital Markets cut their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $436.90.

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.