Farringdon Capital Ltd. Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Farringdon Capital Ltd. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,781 shares of the business services provider's stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Allworth Financial LP raised its holdings in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $102,000. Private Trust Co. NA boosted its position 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 worth $140,000 after purchasing an additional 22 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in 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 purchasing an additional 141 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FDS. Morgan Stanley cut their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $436.90.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $9.77 on Tuesday, reaching $422.80. 46,650 shares of the stock were exchanged, compared to its average volume of 305,754. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average price of $439.89 and a two-hundred day moving average price of $461.24. The firm has a market capitalization of $16.04 billion, a PE ratio of 30.31, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm earned $4.22 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.98%. FactSet Research Systems's dividend payout ratio (DPR) 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.