Contravisory Investment Management Inc. Takes $508,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

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

Several other institutional investors have also added to or reduced their stakes in FDS. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 12.0% during the 3rd 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. Blue Trust Inc. lifted its holdings in shares of FactSet Research Systems by 61.8% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after buying an additional 141 shares during the period. Caprock Group LLC lifted its holdings in shares of FactSet Research Systems by 13.3% during the 4th quarter. Caprock Group LLC now owns 632 shares of the business services provider's stock valued at $304,000 after buying an additional 74 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of 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 buying an additional 80 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its holdings in shares of FactSet Research Systems by 24.1% during 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 buying an additional 350 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Price Performance

FDS stock traded up $1.28 during trading on Friday, reaching $432.76. The company's stock had a trading volume of 225,627 shares, compared to its average volume of 293,681. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16.42 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The company's fifty day moving average is $439.46 and its 200-day moving average is $456.11.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the prior year, the business posted $4.22 EPS. FactSet Research Systems's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 yield of 1.02%. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is presently 31.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FDS shares. 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 report on Friday, March 21st. BMO Capital Markets lowered their price target on 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. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Finally, Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of "Hold" and a consensus target price of $448.00.

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.