GHP Investment Advisors Inc. Buys 10,878 Shares of FactSet Research Systems Inc. (NYSE:FDS)

GHP Investment Advisors Inc. grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 38,850.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,906 shares of the business services provider's stock after purchasing an additional 10,878 shares during the period. GHP Investment Advisors Inc.'s holdings in FactSet Research Systems were worth $4,958,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at about $29,000. American National Bank & Trust purchased a new position in shares of FactSet Research Systems during the first quarter valued at about $44,000. MassMutual Private Wealth & Trust FSB grew its position in shares of FactSet Research Systems by 31.1% during the first 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. CX Institutional purchased a new position in shares of FactSet Research Systems during the first quarter valued at about $60,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of FactSet Research Systems during the first quarter valued at about $60,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Up 1.1%

NYSE FDS traded up $4.96 during trading on Friday, hitting $441.99. The stock had a trading volume of 713,030 shares, compared to its average volume of 293,647. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.88 and a beta of 0.86. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The stock has a 50 day simple moving average of $440.97 and a 200 day simple moving average of $450.33.

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

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.00%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BMO Capital Markets lifted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday. Finally, Morgan Stanley lifted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have issued 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.

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.