Gabelli Funds LLC Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Gabelli Funds LLC increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the business services provider's stock after buying an additional 2,250 shares during the period. Gabelli Funds LLC's holdings in FactSet Research Systems were worth $2,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FDS. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock valued at $240,184,000 after acquiring an additional 16,522 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after acquiring an additional 7,718 shares during the period. Invesco Ltd. grew its position in FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after acquiring an additional 66,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock worth $183,675,000 after purchasing an additional 9,048 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of the 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 owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FDS shares. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. UBS Group lowered their target price 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 shares of 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. BMO Capital Markets decreased their target price on 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, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $436.90.

FactSet Research Systems Stock Down 3.1 %

Shares of NYSE:FDS traded down $13.36 during midday trading on Monday, hitting $413.69. 210,653 shares of the company's stock were exchanged, compared to its average volume of 285,341. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50 day moving average price of $439.89 and a 200-day moving average price of $461.24. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a market cap of $15.70 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82.

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, topping the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.22 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared 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. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

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.