IFM Investors Pty Ltd Acquires 768 Shares of FactSet Research Systems Inc. (NYSE:FDS)

IFM Investors Pty Ltd boosted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,733 shares of the business services provider's stock after buying an additional 768 shares during the quarter. IFM Investors Pty Ltd's holdings in FactSet Research Systems were worth $3,556,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FDS. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at $29,000. American National Bank & Trust acquired a new stake in FactSet Research Systems in the 1st quarter valued at $44,000. Golden State Wealth Management LLC boosted its stake in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after buying an additional 28 shares in the last quarter. Finally, CX Institutional acquired a new stake in FactSet Research Systems in the 1st quarter valued at $60,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of recent analyst reports. Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets boosted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Trading Down 0.8%

Shares of FDS stock traded down $3.40 on Tuesday, reaching $444.49. 310,618 shares of the stock were exchanged, compared to its average volume of 322,046. The stock has a market cap of $16.87 billion, a PE ratio of 32.12, a P/E/G ratio of 2.93 and a beta of 0.84. 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 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a 50 day moving average price of $443.97 and a 200 day moving average price of $448.50.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released 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 firm had revenue of $585.52 million for 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 company's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.37 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was 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 31.79%.

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.