Millennium Management LLC Boosts Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Millennium Management LLC grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,609 shares of the business services provider's stock after buying an additional 13,549 shares during the period. Millennium Management LLC owned 0.18% of FactSet Research Systems worth $33,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems during the 4th quarter valued at about $29,000. Allworth Financial LP increased its stake in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $102,000. Finally, Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after purchasing an additional 22 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDS has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. BMO Capital Markets dropped their price target on shares of 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. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Wells Fargo & Company cut shares of 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. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Stock Performance

NYSE:FDS traded down $0.18 during mid-day trading on Thursday, reaching $464.13. The company's stock had a trading volume of 267,018 shares, compared to its average volume of 291,630. 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 cap of $17.61 billion, a P/E ratio of 33.27, a PEG ratio of 2.93 and a beta of 0.88. The firm's fifty day moving average price is $437.01 and its two-hundred day moving average price is $458.75. 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 announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 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 analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.22 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is a positive change 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 0.95%. FactSet Research Systems's payout ratio is currently 31.29%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems 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 of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

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.