FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Point72 Europe London LLP

Point72 Europe London LLP boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,300 shares of the business services provider's stock after purchasing an additional 6,900 shares during the quarter. Point72 Europe London LLP owned about 0.06% of FactSet Research Systems worth $11,191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at approximately $29,000. Allworth Financial LP raised its stake in shares of 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 purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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. purchased a new position in FactSet Research Systems in the 4th quarter valued at $102,000. Finally, Private Trust Co. NA increased its stake in 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 buying an additional 22 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FDS stock traded down $0.82 during midday trading on Tuesday, hitting $469.57. 99,488 shares of the stock were exchanged, compared to its average volume of 303,382. The stock's 50-day moving average price is $435.59 and its 200-day moving average price is $458.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 33.66, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the previous year, the company posted $4.22 EPS. The business's revenue was up 4.5% on a year-over-year basis. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in 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 reaffirmed a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets cut their target price on 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 price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock 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 assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $436.90.

Insider Activity at FactSet Research Systems

In other 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 value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

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.