Stonebridge Financial Group LLC Buys Shares of 9,154 FactSet Research Systems Inc. (NYSE:FDS)

Stonebridge Financial Group LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,154 shares of the business services provider's stock, valued at approximately $4,396,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems during the third quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at $35,000. Exchange Traded Concepts LLC increased its holdings in shares of FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock valued at $69,000 after acquiring an additional 128 shares during the period. Finally, Continuum Advisory LLC increased its stake in 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 valued at $79,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. BMO Capital Markets dropped their target price on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a report on Monday, December 23rd. 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 report on Friday, November 15th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price of $453.23.

FactSet Research Systems Price Performance

FDS traded down $3.15 on Friday, hitting $456.24. 190,431 shares of the company were exchanged, compared to its average volume of 308,234. The business's fifty day moving average is $471.71 and its 200 day moving average is $457.64. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two 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. The firm has a market capitalization of $17.35 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77.

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 analysts' consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.12 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.82%.

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.