Wealthfront Advisers LLC Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Wealthfront Advisers LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4,104.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,438 shares of the business services provider's stock after acquiring an additional 74,620 shares during the quarter. Wealthfront Advisers LLC owned 0.20% of FactSet Research Systems worth $36,712,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in FactSet Research Systems in the 4th quarter worth about $69,128,000. Nordea Investment Management AB lifted its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after purchasing an additional 59,173 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at about $26,338,000. JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after acquiring an additional 52,741 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock worth $888,603,000 after purchasing an additional 42,303 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets dropped their price target 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. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday. Morgan Stanley raised their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a report on Thursday, December 12th. UBS Group raised their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lowered their price objective on FactSet Research Systems from $500.00 to $450.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $449.38.

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FactSet Research Systems Trading Down 2.6 %

FDS opened at $431.17 on Wednesday. The business has a 50 day simple moving average of $460.60 and a two-hundred day simple moving average of $463.84. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.93 and a beta of 0.77. 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 one year low of $391.84 and a one year high of $499.87.

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, beating 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 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 period in the prior year, the firm earned $4.12 EPS. Analysts predict 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 will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, February 28th. FactSet Research Systems's payout ratio is 29.82%.

FactSet Research Systems 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.

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