Tandem Investment Advisors Inc. Boosts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Tandem Investment Advisors Inc. lifted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,420 shares of the business services provider's stock after purchasing an additional 6,009 shares during the quarter. FactSet Research Systems comprises approximately 4.0% of Tandem Investment Advisors Inc.'s holdings, making the stock its 7th largest position. Tandem Investment Advisors Inc. owned 0.66% of FactSet Research Systems worth $113,851,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of FactSet Research Systems by 3.4% in 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 1.6% in 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 in the last quarter. Invesco Ltd. boosted its position in shares of FactSet Research Systems by 17.2% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its holdings in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after acquiring an additional 429,028 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

FDS traded up $0.23 during mid-day trading on Friday, reaching $447.94. 185,676 shares of the company traded hands, compared to its average volume of 293,028. The stock has a market capitalization of $17.00 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.93 and a beta of 0.84. 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's fifty day moving average price is $443.47 and its 200-day moving average price is $449.20. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.37 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 0.98%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio is 31.79%.

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $444.25.

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.