Whittier Trust Co. Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Whittier Trust Co. grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,562 shares of the business services provider's stock after acquiring an additional 718 shares during the quarter. Whittier Trust Co. owned about 0.05% of FactSet Research Systems worth $9,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Everence Capital Management Inc. bought a new position in FactSet Research Systems during the fourth quarter valued at $413,000. Geode Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 0.8% in 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 acquiring an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock valued at $2,003,000 after acquiring an additional 1,436 shares during the last quarter. Nordea Investment Management AB grew its position in FactSet Research Systems by 21.0% in 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 in the last quarter. Finally, Avanza Fonder AB purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $1,481,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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FactSet Research Systems Trading Up 1.8 %

FDS traded up $7.99 on Tuesday, reaching $440.10. 266,004 shares of the company traded hands, compared to its average volume of 272,059. The company has a market cap of $16.74 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The firm has a fifty day simple moving average of $455.05 and a two-hundred day simple moving average of $464.73.

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, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the firm posted $4.22 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Analyst Ratings Changes

Several research firms have recently issued reports on FDS. Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $450.00 to $402.00 in a research report on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday. Five investment 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 stock currently has an average rating of "Hold" and an average 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.