Amiral Gestion Buys Shares of 1,000 FactSet Research Systems Inc. (NYSE:FDS)

Amiral Gestion bought a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,000 shares of the business services provider's stock, valued at approximately $480,000. FactSet Research Systems accounts for about 0.3% of Amiral Gestion's holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in 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 last quarter. HB Wealth Management LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at about $252,000. Dakota Wealth Management increased its holdings in FactSet Research Systems by 15.0% in the fourth quarter. Dakota Wealth Management now owns 2,498 shares of the business services provider's stock valued at $1,200,000 after purchasing an additional 326 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in FactSet Research Systems by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,160 shares of the business services provider's stock valued at $17,847,000 after purchasing an additional 377 shares during the last quarter. Finally, Apeiron RIA LLC increased its holdings in FactSet Research Systems by 6.6% in the fourth quarter. Apeiron RIA LLC now owns 886 shares of the business services provider's stock valued at $426,000 after purchasing an additional 55 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FDS. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets dropped their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Finally, UBS Group dropped their price objective 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. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and an average price target of $436.90.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 0.6%

FactSet Research Systems stock traded up $2.93 during trading hours on Thursday, reaching $463.20. The company had a trading volume of 62,298 shares, compared to its average volume of 291,264. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average price of $439.65 and a 200 day moving average price of $458.44. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 2.93 and a beta of 0.88. 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 posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. During the same period in the previous year, the firm earned $4.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.29%.

FactSet Research Systems 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.