Vinva Investment Management Ltd Boosts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Vinva Investment Management Ltd increased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657 shares of the business services provider's stock after acquiring an additional 724 shares during the quarter. Vinva Investment Management Ltd's holdings in FactSet Research Systems were worth $800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FDS. Generali Asset Management SPA SGR bought a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $3,069,000. Axxcess Wealth Management LLC grew its stake in shares of FactSet Research Systems by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,559 shares of the business services provider's stock worth $1,229,000 after buying an additional 82 shares during the last quarter. Curio Wealth LLC bought a new position in FactSet Research Systems during the 4th quarter valued at approximately $188,000. Glenview Trust co raised its stake in FactSet Research Systems by 10.6% during the fourth quarter. Glenview Trust co now owns 573 shares of the business services provider's stock valued at $275,000 after buying an additional 55 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in FactSet Research Systems by 7.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,493 shares of the business services provider's stock worth $1,677,000 after acquiring an additional 230 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

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FactSet Research Systems Stock Performance

NYSE:FDS traded up $7.99 during trading hours on Tuesday, reaching $440.10. The company had a trading volume of 266,004 shares, compared to its average volume of 272,059. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average price is $455.05 and its 200-day moving average price is $464.73. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the company posted $4.22 earnings per share. FactSet Research Systems's revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target 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. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a report on Friday. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $436.27.

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.