Board of the Pension Protection Fund Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Board of the Pension Protection Fund boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 88.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the business services provider's stock after buying an additional 800 shares during the period. Board of the Pension Protection Fund's holdings in FactSet Research Systems were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position 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 worth $527,411,000 after acquiring an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 3.4% during the 4th 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 period. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 1.6% during the 4th 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. grew its position in FactSet Research Systems by 17.2% during the 4th 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 increased its stake 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 valued at $195,536,000 after purchasing an additional 429,028 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDS. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $444.25.

FactSet Research Systems Stock Performance

NYSE FDS traded up $4.96 during trading hours on Friday, hitting $441.99. 713,030 shares of the stock were exchanged, compared to its average volume of 296,853. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The stock has a 50-day moving average of $440.67 and a 200 day moving average of $450.89.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $4.37 earnings per share. As a group, equities research 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.00%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 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.