Cumberland Partners Ltd Takes $840,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Cumberland Partners Ltd purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,750 shares of the business services provider's stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Atlas Legacy Advisors LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth about $441,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $204,000. Venturi Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 21.3% in the fourth quarter. Venturi Wealth Management LLC now owns 3,780 shares of the business services provider's stock worth $1,815,000 after buying an additional 663 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of FactSet Research Systems by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 5,802 shares of the business services provider's stock valued at $2,787,000 after acquiring an additional 237 shares during the period. Finally, Principal Financial Group Inc. grew its stake in FactSet Research Systems by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 50,166 shares of the business services provider's stock valued at $24,094,000 after acquiring an additional 1,375 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Down 0.9 %

Shares of FDS traded down $4.03 during mid-day trading on Friday, reaching $462.10. The company's stock had a trading volume of 161,605 shares, compared to its average volume of 293,783. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a market cap of $17.57 billion, a PE ratio of 33.13, a P/E/G ratio of 2.93 and a beta of 0.77. The company's fifty day moving average price is $469.87 and its two-hundred day moving average price is $459.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

Several analysts have issued reports on FDS shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company decreased their target price on FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus lifted their price target 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. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $453.23.

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.