Virtu Financial LLC Makes New $828,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Virtu Financial LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,725 shares of the business services provider's stock, valued at approximately $828,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in FactSet Research Systems in the third quarter valued at about $35,000. Allworth Financial LP increased its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after acquiring an additional 22 shares in the last quarter. Continuum Advisory LLC raised its position in shares of FactSet Research Systems by 5,200.0% in the 3rd 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 last quarter. Smartleaf Asset Management LLC boosted its stake in FactSet Research Systems by 19.2% in 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. purchased a new stake in FactSet Research Systems during the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $436.27.

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FactSet Research Systems Stock Performance

FactSet Research Systems stock traded up $8.10 during mid-day trading on Thursday, hitting $449.34. The company had a trading volume of 287,523 shares, compared to its average volume of 271,339. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.93 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 company's fifty day moving average is $454.32 and its 200-day moving average is $464.57. 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 announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period in the prior year, the firm posted $4.22 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling

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 completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.