JPMorgan Chase & Co. Boosts Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

JPMorgan Chase & Co. grew its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,068 shares of the business services provider's stock after buying an additional 7,718 shares during the period. JPMorgan Chase & Co. owned 1.32% of FactSet Research Systems worth $240,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mount Yale Investment Advisors LLC grew its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP grew its holdings in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA grew its holdings in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after purchasing an additional 22 shares during the period. Avantax Advisory Services Inc. raised its stake in FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC boosted its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after purchasing an additional 25 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

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FactSet Research Systems Trading Down 5.0 %

NYSE:FDS traded down $21.79 on Friday, reaching $415.36. 769,259 shares of the company's stock were exchanged, compared to its average volume of 282,860. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week 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 business has a fifty day moving average of $451.88 and a 200-day moving average of $464.81.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.22 EPS. As a group, analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 1.00%. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company'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 directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FDS shares. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group decreased their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Morgan Stanley cut their price objective on 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. Finally, BMO Capital Markets reduced their price objective on shares of 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. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $436.27.

FactSet Research Systems Company 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.