OLD Mission Capital LLC Invests $3.57 Million in FactSet Research Systems Inc. (NYSE:FDS)

OLD Mission Capital LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,433 shares of the business services provider's stock, valued at approximately $3,570,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. FMR LLC boosted its holdings in shares of FactSet Research Systems by 14.0% during the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider's stock worth $35,614,000 after buying an additional 9,506 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of FactSet Research Systems by 3.1% during the third quarter. Public Sector Pension Investment Board now owns 6,698 shares of the business services provider's stock worth $3,080,000 after acquiring an additional 200 shares during the period. Verition Fund Management LLC bought a new stake in shares of FactSet Research Systems during the third quarter worth approximately $5,894,000. Edgestream Partners L.P. acquired a new position in shares of FactSet Research Systems in the third quarter valued at approximately $2,170,000. Finally, Erste Asset Management GmbH bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $5,731,000. 91.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley decreased their price objective 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. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group decreased their target price on shares of 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. Finally, Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $436.27.

FactSet Research Systems Price Performance

Shares of FDS traded down $21.79 during midday trading on Friday, hitting $415.36. The company's stock had a trading volume of 769,259 shares, compared to its average volume of 282,860. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company's fifty day simple moving average is $451.88 and its two-hundred day simple moving average is $464.81.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.22 earnings per share. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.59%.

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.