BNP Paribas Financial Markets Has $39.08 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

BNP Paribas Financial Markets grew its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 94.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,364 shares of the business services provider's stock after acquiring an additional 39,593 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of FactSet Research Systems worth $39,078,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of FactSet Research Systems by 19.1% during the 4th 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. Smartleaf Asset Management LLC lifted its stake in FactSet Research Systems by 19.2% during the fourth 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 during the period. SBI Securities Co. Ltd. acquired a new stake in FactSet Research Systems during the fourth quarter valued at approximately $102,000. Private Trust Co. NA grew its stake in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after purchasing an additional 22 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of FactSet Research Systems by 61.8% in the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock worth $170,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 44 shares in the company, 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 company insiders.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets decreased 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, UBS Group lowered their price objective 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, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Stock Up 2.4 %

Shares of NYSE:FDS opened at $439.99 on Thursday. 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 stock has a market cap of $16.70 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a 50 day moving average of $432.56 and a 200-day moving average of $458.58. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating 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 analysts' expectations of $570.65 million. During the same quarter in the previous year, the company posted $4.22 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a dividend of $1.10 per share. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.29%.

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.

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