Mirabella Financial Services LLP Acquires New Stake in FactSet Research Systems Inc. (NYSE:FDS)

Mirabella Financial Services LLP purchased a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,999 shares of the business services provider's stock, valued at approximately $1,440,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of FactSet Research Systems by 9.4% in 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 last quarter. 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. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Down 0.8 %

Shares of FDS traded down $3.46 during trading hours on Friday, hitting $424.69. The company had a trading volume of 151,555 shares, compared to its average volume of 283,620. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.93 and a beta of 0.82. The firm has a fifty day moving average price of $438.01 and a 200-day moving average price of $460.59. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the firm posted $4.22 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group cut their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. 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. BMO Capital Markets dropped their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Finally, Morgan Stanley reduced their price objective on shares of 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. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and an average target price of $436.90.

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.