4,871 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,871 shares of the business services provider's stock, valued at approximately $2,215,000.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after buying an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after purchasing an additional 16,522 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in FactSet Research Systems by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after purchasing an additional 7,718 shares during the last quarter. Invesco Ltd. boosted its holdings in FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after purchasing an additional 66,861 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after purchasing an additional 429,028 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value 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 filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Price Performance

Shares of FDS traded down $3.86 during trading hours on Friday, reaching $420.31. 325,973 shares of the stock traded hands, compared to its average volume of 295,206. 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 52-week low of $391.69 and a 52-week high of $499.87. The company's 50-day moving average price is $439.71 and its two-hundred day moving average price is $454.07. The company has a market cap of $15.95 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86.

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 for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.22 EPS. On average, 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. Shareholders of record on Friday, May 30th will be issued a $1.10 dividend. 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 yield of 1.05%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FDS shares. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $448.00.

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.