Dimensional Fund Advisors LP Has $126.56 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Dimensional Fund Advisors LP raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,495 shares of the business services provider's stock after buying an additional 10,326 shares during the quarter. Dimensional Fund Advisors LP owned 0.69% of FactSet Research Systems worth $126,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% during 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of FactSet Research Systems by 19.2% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in FactSet Research Systems during the 4th quarter valued at about $102,000. Private Trust Co. NA boosted its position in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after buying an additional 22 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in FactSet Research Systems by 61.8% during the fourth quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock worth $170,000 after buying an additional 141 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems 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 completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FDS has been the subject of a number of research analyst reports. 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 for the company in a research note on Monday, March 24th. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. UBS Group lowered their target price on 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. 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. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $436.90.

FactSet Research Systems Trading Up 1.5 %

Shares of FDS traded up $6.62 on Friday, reaching $436.51. 34,087 shares of the company's stock were exchanged, compared to its average volume of 297,191. The business has a 50 day moving average price of $434.46 and a two-hundred day moving average price of $459.58. The company has a current ratio of 1.39, a quick 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. The stock has a market capitalization of $16.56 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $4.22 EPS. Research 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 paid a $1.10 dividend. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems's dividend payout ratio is 29.59%.

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.