Canoe Financial LP Has $12.32 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Canoe Financial LP raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,655 shares of the business services provider's stock after acquiring an additional 1,711 shares during the quarter. Canoe Financial LP owned 0.07% of FactSet Research Systems worth $12,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Somerset Trust Co lifted its position in shares of FactSet Research Systems by 2.3% during the 4th quarter. Somerset Trust Co now owns 8,413 shares of the business services provider's stock valued at $4,041,000 after acquiring an additional 186 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $1,481,000. Procyon Advisors LLC lifted its holdings in shares of FactSet Research Systems by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 6,802 shares of the business services provider's stock valued at $3,267,000 after purchasing an additional 166 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $1,329,000. Finally, JGP Wealth Management LLC increased its stake in FactSet Research Systems by 1.3% in the 4th quarter. JGP Wealth Management LLC now owns 20,813 shares of the business services provider's stock worth $9,996,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FDS. 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 Friday, December 20th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research note on Monday, December 23rd. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and an average price target of $453.46.

FactSet Research Systems Stock Up 0.6 %

FDS stock traded up $2.67 during mid-day trading on Friday, hitting $462.64. The stock had a trading volume of 388,302 shares, compared to its average volume of 279,694. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The company has a fifty day moving average of $480.02 and a 200 day moving average of $451.71. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.12 earnings per share. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.90%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.