FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,657,480 shares of the business services provider's stock after acquiring an additional 684 shares during the quarter. Vanguard Group Inc. owned approximately 12.25% of FactSet Research Systems worth $2,236,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Everence Capital Management Inc. purchased a new position in FactSet Research Systems in the 4th quarter valued at $413,000. Geode Capital Management LLC lifted its stake 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after buying an additional 1,436 shares in the last quarter. Nordea Investment Management AB boosted its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after acquiring an additional 59,173 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in FactSet Research Systems during the 4th quarter valued at about $1,481,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

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FactSet Research Systems Trading Up 1.4 %

FDS traded up $6.19 on Monday, hitting $454.95. The company had a trading volume of 399,229 shares, compared to its average volume of 280,394. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.30 billion, a P/E ratio of 32.61, a PEG ratio of 2.93 and a beta of 0.77. The company's fifty day moving average price is $453.90 and its 200 day moving average price is $465.18. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate 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 was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.22 EPS. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Insider Activity

In other 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 value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FDS. BMO Capital Markets lowered their target price 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 reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $436.27.

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.