Adage Capital Partners GP L.L.C. Buys 17,900 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Adage Capital Partners GP L.L.C. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 133.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,300 shares of the business services provider's stock after buying an additional 17,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of FactSet Research Systems worth $15,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its position in shares of FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares during the period. Private Trust Co. NA grew its position in shares of FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after purchasing an additional 22 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC boosted its stake in FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock worth $809,000 after purchasing an additional 25 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other 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 transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Wells Fargo & Company downgraded 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 research report on Friday, March 21st. Finally, Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Trading Up 0.8 %

Shares of FactSet Research Systems stock traded up $3.44 on Wednesday, reaching $432.15. The company had a trading volume of 285,187 shares, compared to its average volume of 284,196. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm's 50-day moving average price is $435.69 and its two-hundred day moving average price is $459.99. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87.

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, topping the consensus estimate 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 company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period in the previous year, the firm earned $4.22 earnings per share. FactSet Research Systems's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is currently 29.59%.

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.