Bank of Montreal Can Has $25.48 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Bank of Montreal Can raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,049 shares of the business services provider's stock after buying an additional 11,177 shares during the period. Bank of Montreal Can owned about 0.14% of FactSet Research Systems worth $25,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Mount Yale Investment Advisors LLC raised its holdings in FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after acquiring an additional 22 shares in the last quarter. Allworth Financial LP raised its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 22 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after buying an additional 24 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

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Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Trading Up 0.9 %

FDS traded up $4.06 during trading on Tuesday, reaching $437.06. The company had a trading volume of 395,745 shares, compared to its average volume of 285,366. The firm's 50-day simple moving average is $443.31 and its 200 day simple moving average is $462.33. 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 has a market cap of $16.58 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly 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. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the business earned $4.22 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.95%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FDS. Royal Bank of Canada restated 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 decreased their target price on shares of 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. Stifel Nicolaus upped 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. 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 note on Monday, March 24th. Finally, Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $436.90.

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.