Arrowstreet Capital Limited Partnership Invests $5.88 Million in FactSet Research Systems Inc. (NYSE:FDS)

Arrowstreet Capital Limited Partnership bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,248 shares of the business services provider's stock, valued at approximately $5,882,000.

Several other hedge funds also recently modified their holdings of FDS. Intrust Bank NA boosted its position in shares of FactSet Research Systems by 18.4% during the 4th quarter. Intrust Bank NA now owns 793 shares of the business services provider's stock valued at $381,000 after purchasing an additional 123 shares in the last quarter. Allstate Corp acquired a new stake in FactSet Research Systems during the fourth quarter valued at approximately $537,000. DnB Asset Management AS boosted its holdings in FactSet Research Systems by 2.1% during the fourth quarter. DnB Asset Management AS now owns 6,606 shares of the business services provider's stock worth $3,173,000 after buying an additional 138 shares in the last quarter. denkapparat Operations GmbH acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $265,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of FactSet Research Systems by 12.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 22,856 shares of the business services provider's stock valued at $10,977,000 after buying an additional 2,620 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 2.2 %

Shares of FDS traded up $9.24 during mid-day trading on Friday, hitting $425.93. 266,476 shares of the company's stock were exchanged, compared to its average volume of 284,814. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 2.93 and a beta of 0.82. The firm has a fifty day moving average of $444.02 and a two-hundred day moving average of $462.46. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87.

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

FactSet Research Systems Announces Dividend

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

Analyst Ratings Changes

FDS has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets lowered their price objective on shares of 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. Finally, Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $436.90.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction 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 owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company's stock.

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.