Contravisory Investment Management Inc. Purchases Shares of 1,117 FactSet Research Systems Inc. (NYSE:FDS)

Contravisory Investment Management Inc. purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,117 shares of the business services provider's stock, valued at approximately $508,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after buying an additional 52,741 shares in the last quarter. Blue Trust Inc. boosted its position in FactSet Research Systems by 61.8% during the fourth quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock worth $170,000 after acquiring an additional 141 shares during the last quarter. Caprock Group LLC boosted its position in FactSet Research Systems by 13.3% during the fourth quarter. Caprock Group LLC now owns 632 shares of the business services provider's stock worth $304,000 after acquiring an additional 74 shares during the last quarter. DAVENPORT & Co LLC grew its stake in FactSet Research Systems by 5.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,683 shares of the business services provider's stock valued at $808,000 after acquiring an additional 80 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its holdings in FactSet Research Systems by 24.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 1,804 shares of the business services provider's stock valued at $866,000 after acquiring an additional 350 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FDS. UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Morgan Stanley lowered their price objective 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 cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Tuesday. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus target price of $448.00.

Insider Transactions at FactSet Research Systems

In related 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 0.3%

FDS stock traded up $1.28 during midday trading on Friday, hitting $432.76. 225,627 shares of the company's stock were exchanged, compared to its average volume of 293,383. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. 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 stock has a market capitalization of $16.42 billion, a PE ratio of 31.02, a P/E/G ratio of 2.93 and a beta of 0.86. The business has a 50-day simple moving average of $439.93 and a two-hundred day simple moving average of $456.78.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $4.22 EPS. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's payout ratio is 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.