Crestline Management LP Acquires New Position in FactSet Research Systems Inc. (NYSE:FDS)

Crestline Management LP acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,705 shares of the business services provider's stock, valued at approximately $1,779,000.

Several other institutional investors have also recently made changes to their positions in FDS. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock valued at $2,003,000 after purchasing an additional 1,436 shares during the period. Avanza Fonder AB bought a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $1,481,000. JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after purchasing an additional 52,741 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $5,882,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FactSet Research Systems by 5.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider's stock worth $9,094,000 after acquiring an additional 932 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.4%

FDS traded up $1.74 during trading on Monday, reaching $456.36. 327,504 shares of the stock traded hands, compared to its average volume of 286,802. The stock has a market capitalization of $17.32 billion, a PE ratio of 32.71, a P/E/G ratio of 2.93 and a beta of 0.88. The stock's 50-day moving average is $432.58 and its 200 day moving average is $458.35. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.22 EPS. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems's payout ratio is 31.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets decreased their price objective 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. 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. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group dropped 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 note on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems has an average rating of "Hold" and a consensus target price of $436.90.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the company'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 value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Company 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.