FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,111 shares of the business services provider's stock after purchasing an additional 3,095 shares during the quarter. ExodusPoint Capital Management LP's holdings in FactSet Research Systems were worth $7,258,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC boosted its stake in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock worth $79,000 after buying an additional 156 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems during the 4th quarter worth $102,000. Finally, Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and a consensus target price of $436.27.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale 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 corporate insiders.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded down $13.84 during midday trading on Thursday, reaching $412.98. 65,361 shares of the company were exchanged, compared to its average volume of 283,814. The stock has a market cap of $15.67 billion, a P/E ratio of 29.57, a PEG ratio of 2.93 and a beta of 0.82. The stock has a fifty day simple moving average of $445.92 and a 200 day simple moving average of $463.01. 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 Inc. has a 1 year low of $391.69 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 24.16% and a return on equity of 33.92%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.22 EPS. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 1.01%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

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.