Canada Post Corp Registered Pension Plan Buys Shares of 620 FactSet Research Systems Inc. (NYSE:FDS)

Canada Post Corp Registered Pension Plan bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 620 shares of the business services provider's stock, valued at approximately $298,000.

Several other institutional investors have also recently made changes to their positions in FDS. Mariner LLC grew its stake in FactSet Research Systems by 2.2% in the fourth quarter. Mariner LLC now owns 15,549 shares of the business services provider's stock valued at $7,468,000 after purchasing an additional 333 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $246,000. Townsquare Capital LLC boosted its stake in FactSet Research Systems by 5.6% in the fourth quarter. Townsquare Capital LLC now owns 25,371 shares of the business services provider's stock valued at $12,185,000 after acquiring an additional 1,345 shares in the last quarter. Sterling Capital Management LLC grew its holdings in FactSet Research Systems by 5.6% in the fourth quarter. Sterling Capital Management LLC now owns 4,699 shares of the business services provider's stock worth $2,257,000 after purchasing an additional 249 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of FactSet Research Systems by 381.8% during the fourth quarter. APG Asset Management N.V. now owns 26,500 shares of the business services provider's stock worth $12,291,000 after purchasing an additional 21,000 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the 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 sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets decreased their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. 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. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Stock Up 2.1 %

Shares of FDS stock traded up $8.79 during trading hours on Tuesday, reaching $421.82. 27,773 shares of the stock were exchanged, compared to its average volume of 284,335. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The business's fifty day moving average is $439.89 and its two-hundred day moving average is $461.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $16.01 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share 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 business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 EPS. The company's revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.99%. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

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.