JPMorgan Chase & Co. Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

JPMorgan Chase & Co. raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 12.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 493,350 shares of the business services provider's stock after buying an additional 52,741 shares during the quarter. JPMorgan Chase & Co. owned about 1.30% of FactSet Research Systems worth $226,867,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FDS. Natixis Advisors LLC raised its holdings in FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider's stock worth $55,621,000 after purchasing an additional 1,260 shares in the last quarter. Geode Capital Management LLC increased its position in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after purchasing an additional 8,376 shares during the period. Jensen Investment Management Inc. raised its stake in shares of FactSet Research Systems by 11.6% during the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider's stock worth $5,518,000 after buying an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of FactSet Research Systems by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider's stock valued at $41,367,000 after buying an additional 1,699 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of FactSet Research Systems by 29.4% in the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider's stock valued at $5,588,000 after buying an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insiders Place Their Bets

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday, September 20th. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target for the company. Finally, Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus price target of $453.46.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $2.40 during mid-day trading on Tuesday, hitting $480.28. 159,077 shares of the company were exchanged, compared to its average volume of 264,566. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The business's 50 day simple moving average is $479.83 and its two-hundred day simple moving average is $446.92. The company has a market capitalization of $18.25 billion, a P/E ratio of 34.55, a PEG ratio of 3.15 and a beta of 0.76.

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

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.87%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

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.