Envestnet Asset Management Inc. Grows Position in FactSet Research Systems Inc. (NYSE:FDS)

Envestnet Asset Management Inc. increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 121,115 shares of the business services provider's stock after purchasing an additional 2,799 shares during the quarter. Envestnet Asset Management Inc. owned 0.32% of FactSet Research Systems worth $58,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in FactSet Research Systems in the fourth quarter worth about $413,000. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after buying an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of FactSet Research Systems by 52.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after acquiring an additional 1,436 shares during the last quarter. Nordea Investment Management AB boosted its holdings in FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after acquiring an additional 59,173 shares during the period. Finally, Avanza Fonder AB bought a new position in FactSet Research Systems in the 4th quarter valued at $1,481,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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FactSet Research Systems Stock Up 0.5 %

Shares of NYSE FDS traded up $2.33 during midday trading on Tuesday, reaching $435.33. 87,622 shares of the company's stock traded hands, compared to its average volume of 284,167. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock's 50 day simple moving average is $443.31 and its 200-day simple moving average is $462.33.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.22 EPS. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FDS shares. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley lowered their price objective 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. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Finally, Stifel Nicolaus lifted 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 note on Friday, December 20th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $436.90.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company's stock.

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.