GAMMA Investing LLC Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC boosted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 40,436.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 430,089 shares of the business services provider's stock after acquiring an additional 429,028 shares during the period. GAMMA Investing LLC owned 1.13% of FactSet Research Systems worth $195,536,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of FactSet Research Systems by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares in the last quarter. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% during the 4th 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. Menard Financial Group LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $91,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of FactSet Research Systems by 19.2% during the 4th 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 in the last quarter. Institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FDS shares. BMO Capital Markets cut their target price 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. Morgan Stanley cut their target price on shares of 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. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group cut their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and an average target price of $440.22.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.5%

NYSE:FDS traded down $2.02 during mid-day trading on Thursday, hitting $431.77. 306,841 shares of the company's stock were exchanged, compared to its average volume of 293,654. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $439.93 and a 200 day moving average price of $456.78. The company has a market cap of $16.38 billion, a PE ratio of 30.95, a P/E/G ratio of 2.93 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for 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%. FactSet Research Systems's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.22 earnings per share. Equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is currently 31.29%.

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.