Empirical Asset Management LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Empirical Asset Management LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,768 shares of the business services provider's stock, valued at approximately $1,329,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $26,000. Quest Partners LLC boosted its stake in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems in the third quarter worth $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems in the third quarter valued at $35,000. Finally, Federated Hermes Inc. acquired a new position in shares of FactSet Research Systems during the second quarter valued at about $52,000. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada restated 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. BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a report on Monday, December 23rd. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $453.46.

Insider Activity at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $2.67 during mid-day trading on Friday, hitting $462.64. 388,302 shares of the stock were exchanged, compared to its average volume of 279,694. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a 50-day simple moving average of $480.02 and a 200 day simple moving average of $451.46. The company has a market capitalization of $17.59 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.39.

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

FactSet Research Systems Dividend Announcement

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

FactSet Research Systems 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.