Sei Investments Co. Buys 1,752 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sei Investments Co. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,515 shares of the business services provider's stock after buying an additional 1,752 shares during the period. Sei Investments Co. owned about 0.19% of FactSet Research Systems worth $34,344,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $35,000. Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock worth $79,000 after acquiring an additional 156 shares during the last quarter. Smartleaf Asset Management LLC increased its position in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after purchasing an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $102,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts recently weighed in on FDS shares. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. BMO Capital Markets reduced their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday. UBS Group dropped their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $436.27.

FactSet Research Systems Stock Performance

FDS traded up $5.61 during trading hours on Thursday, hitting $446.85. 54,737 shares of the stock were exchanged, compared to its average volume of 270,610. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a 50-day simple moving average of $454.52 and a 200-day simple moving average of $464.67. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 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 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.22 earnings per share. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.