Invesco Ltd. Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

Invesco Ltd. increased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,149 shares of the business services provider's stock after acquiring an additional 66,861 shares during the quarter. Invesco Ltd. owned about 1.20% of FactSet Research Systems worth $219,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in shares of FactSet Research Systems by 37.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,332 shares of the business services provider's stock worth $1,073,000 after buying an additional 631 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth about $364,000. MML Investors Services LLC increased its holdings in shares of FactSet Research Systems by 6.0% in the 3rd quarter. MML Investors Services LLC now owns 2,177 shares of the business services provider's stock worth $1,001,000 after buying an additional 123 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of FactSet Research Systems by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider's stock valued at $5,273,000 after purchasing an additional 894 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in FactSet Research Systems by 25.7% during the 3rd quarter. M&T Bank Corp now owns 11,525 shares of the business services provider's stock valued at $5,299,000 after buying an additional 2,354 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the 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 sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 0.9 %

Shares of NYSE:FDS traded up $4.06 during mid-day trading on Tuesday, reaching $437.06. 395,745 shares of the company were exchanged, compared to its average volume of 285,366. The firm's 50-day simple moving average is $443.31 and its 200 day simple moving average is $462.33. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. 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 firm has a market cap of $16.58 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the business posted $4.22 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. BMO Capital Markets cut 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. Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $436.90.

FactSet Research Systems 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.