Korea Investment CORP Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Korea Investment CORP lifted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,226 shares of the business services provider's stock after buying an additional 3,700 shares during the period. Korea Investment CORP's holdings in FactSet Research Systems were worth $6,832,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $413,000. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after acquiring an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of FactSet Research Systems by 52.5% during 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 purchasing an additional 1,436 shares during the period. Nordea Investment Management AB grew its position in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after buying an additional 59,173 shares during the period. Finally, Avanza Fonder AB bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $1,481,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have recently commented on FDS. Morgan Stanley dropped their price target 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. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a report on Friday, December 20th. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, BMO Capital Markets lowered their target price 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. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $436.27.

FactSet Research Systems Stock Down 5.0 %

Shares of NYSE:FDS traded down $21.79 during midday trading on Friday, reaching $415.36. The company had a trading volume of 769,259 shares, compared to its average volume of 282,860. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The stock has a market cap of $15.80 billion, a PE ratio of 29.77, a P/E/G ratio of 2.93 and a beta of 0.82. 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 business's 50 day moving average price is $451.88 and its 200 day moving average price is $464.81.

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 firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.22 EPS. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 1.00%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

Insider Transactions at FactSet Research Systems

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