Pictet Asset Management Holding SA Has $10.98 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Pictet Asset Management Holding SA boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,856 shares of the business services provider's stock after acquiring an additional 2,620 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of FactSet Research Systems worth $10,977,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FDS. Everence Capital Management Inc. acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at $413,000. Geode Capital Management LLC increased its stake in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 buying an additional 1,436 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of FactSet Research Systems by 21.0% in the 4th 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 period. Finally, Avanza Fonder AB acquired a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $1,481,000. Institutional investors own 91.24% of the company's stock.

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Insider Buying and Selling at FactSet Research Systems

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 completion of the sale, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Down 2.5 %

Shares of FactSet Research Systems stock traded down $10.55 during trading on Monday, hitting $405.64. The stock had a trading volume of 554,617 shares, compared to its average volume of 283,943. 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 company has a market capitalization of $15.43 billion, a PE ratio of 29.08, a P/E/G ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The stock has a 50 day simple moving average of $450.49 and a 200 day simple moving average of $464.48.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.22 EPS. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 1.03%. FactSet Research Systems's payout ratio is presently 29.59%.

Analyst Ratings Changes

Several equities research analysts recently commented on FDS shares. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price 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 issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. 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 research note on Friday, March 21st. BMO Capital Markets dropped their price target 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, UBS Group reduced their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price 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.