Geode Capital Management LLC Purchases 94,668 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Geode Capital Management LLC lifted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,592 shares of the business services provider's stock after acquiring an additional 94,668 shares during the period. Geode Capital Management LLC owned about 2.88% of FactSet Research Systems worth $527,411,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Everence Capital Management Inc. purchased a new position in FactSet Research Systems during the 4th quarter worth approximately $413,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of FactSet Research Systems by 52.5% in the fourth 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 during the period. Nordea Investment Management AB grew its holdings in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after buying an additional 59,173 shares in the last quarter. Avanza Fonder AB acquired a new position in FactSet Research Systems during the fourth quarter valued at $1,481,000. Finally, JPMorgan Chase & Co. lifted its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after acquiring an additional 52,741 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

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Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Performance

FDS stock traded up $28.68 during midday trading on Wednesday, hitting $427.53. 457,497 shares of the company traded hands, compared to its average volume of 284,645. The business has a 50 day simple moving average of $445.92 and a 200-day simple moving average of $463.01. 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 twelve month low of $391.69 and a twelve month high of $499.87. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS 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 the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.22 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. BMO Capital Markets cut their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $436.27.

About FactSet Research Systems

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.