Hsbc Holdings PLC Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

Hsbc Holdings PLC raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,496 shares of the business services provider's stock after buying an additional 34,659 shares during the period. Hsbc Holdings PLC owned about 0.28% of FactSet Research Systems worth $50,802,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on FDS shares. BMO Capital Markets decreased their price objective 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. UBS Group lowered their price target on 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. Morgan Stanley cut their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $436.90.

FactSet Research Systems Stock Down 0.4 %

Shares of FactSet Research Systems stock traded down $1.84 on Monday, reaching $422.63. The company's stock had a trading volume of 227,285 shares, compared to its average volume of 284,203. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The firm's fifty day simple moving average is $437.31 and its two-hundred day simple moving average is $460.45. 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 $16.04 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $570.65 million. During the same period in the previous year, the business posted $4.22 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.