PineStone Asset Management Inc. Boosts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

PineStone Asset Management Inc. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,088 shares of the business services provider's stock after purchasing an additional 19,085 shares during the period. FactSet Research Systems accounts for about 1.3% of PineStone Asset Management Inc.'s investment portfolio, making the stock its 24th biggest holding. PineStone Asset Management Inc. owned 0.77% of FactSet Research Systems worth $140,764,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CWM LLC lifted its position in shares of FactSet Research Systems by 17.8% in the third quarter. CWM LLC now owns 2,075 shares of the business services provider's stock valued at $954,000 after buying an additional 313 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock worth $69,000 after acquiring an additional 128 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of FactSet Research Systems by 10.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,323 shares of the business services provider's stock valued at $608,000 after purchasing an additional 125 shares in the last quarter. Marshall Financial Group LLC boosted its holdings in shares of FactSet Research Systems by 1.6% in the 3rd quarter. Marshall Financial Group LLC now owns 2,588 shares of the business services provider's stock valued at $1,190,000 after purchasing an additional 40 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of FactSet Research Systems by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,820 shares of the business services provider's stock valued at $1,757,000 after purchasing an additional 69 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $5.78 during trading on Wednesday, hitting $465.88. The stock had a trading volume of 218,340 shares, compared to its average volume of 302,008. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 2.87 and a beta of 0.77. 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 moving average is $470.31 and its 200 day moving average is $458.94. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems's payout ratio is 29.82%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. BMO Capital Markets lowered their price objective on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research report on Monday, December 23rd. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. UBS Group boosted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price objective on FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $453.23.

About FactSet Research Systems

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.