FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,379 shares of the business services provider's stock after acquiring an additional 26,897 shares during the quarter. Deutsche Bank AG owned approximately 0.47% of FactSet Research Systems worth $85,192,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FDS. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems during the 4th quarter worth $29,000. Allworth Financial LP boosted 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 buying an additional 22 shares during the period. Smartleaf Asset Management LLC grew 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 buying an additional 33 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the 4th quarter valued at about $102,000. Finally, Private Trust Co. NA increased its position 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 acquiring an additional 22 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley lowered their target price 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. BMO Capital Markets lowered their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group reduced their target price 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 shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $436.90.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm'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 completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $454.21 on Monday. The firm's fifty day simple moving average is $432.58 and its 200-day simple 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. The stock has a market cap of $17.24 billion, a PE ratio of 32.56, a price-to-earnings-growth 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 issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the business posted $4.22 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend 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 yield of 0.97%. FactSet Research Systems's payout ratio is currently 31.29%.

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.

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