Bank of Montreal Can Purchases 11,177 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Bank of Montreal Can increased its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,049 shares of the business services provider's stock after buying an additional 11,177 shares during the quarter. Bank of Montreal Can owned approximately 0.14% of FactSet Research Systems worth $25,478,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $413,000. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after buying an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after acquiring an additional 1,436 shares during the last quarter. Nordea Investment Management AB lifted its stake in FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after purchasing an additional 59,173 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of FactSet Research Systems in the 4th quarter valued at $1,481,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.4 %

Shares of FactSet Research Systems stock traded up $1.81 on Thursday, hitting $429.04. The stock had a trading volume of 67,381 shares, compared to its average volume of 284,328. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock's 50-day simple moving average is $441.91 and its two-hundred day simple moving average is $461.92.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.22 EPS. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. FactSet Research Systems's dividend payout ratio is currently 29.59%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDS shares. BMO Capital Markets cut 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 report on Monday, March 24th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Morgan Stanley decreased their price objective 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 investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus target price of $436.90.

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.