Nordea Investment Management AB Acquires 59,173 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Nordea Investment Management AB boosted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,494 shares of the business services provider's stock after purchasing an additional 59,173 shares during the quarter. Nordea Investment Management AB owned about 0.90% of FactSet Research Systems worth $164,653,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $413,000. GAMMA Investing LLC increased its stake in FactSet Research Systems by 38.2% in the fourth quarter. GAMMA Investing LLC now owns 1,061 shares of the business services provider's stock valued at $510,000 after purchasing an additional 293 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after purchasing an additional 52,741 shares during the period. Principal Financial Group Inc. boosted its position in shares of FactSet Research Systems by 3.0% during the third quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider's stock worth $22,437,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of FactSet Research Systems by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider's stock valued at $5,687,000 after buying an additional 669 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Redburn Atlantic downgraded FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target on the stock. Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. UBS Group raised their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $453.46.

FactSet Research Systems Stock Down 1.1 %

NYSE:FDS traded down $4.98 on Tuesday, hitting $461.05. 266,145 shares of the company's stock were exchanged, compared to its average volume of 225,286. The firm has a 50-day moving average price of $481.43 and a 200-day moving average price of $449.63. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $17.52 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.12 earnings per share. As a group, analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems's payout ratio is 29.93%.

Insiders Place Their Bets

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

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.