Janney Montgomery Scott LLC Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Janney Montgomery Scott LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 39.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,674 shares of the business services provider's stock after purchasing an additional 14,514 shares during the period. Janney Montgomery Scott LLC owned approximately 0.14% of FactSet Research Systems worth $23,493,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FDS. GAMMA Investing LLC raised its position in FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of FactSet Research Systems during the fourth quarter worth about $69,128,000. Point72 Asset Management L.P. purchased a new position in FactSet Research Systems during the fourth quarter worth about $66,368,000. Vest Financial LLC acquired a new stake in FactSet Research Systems in the first quarter valued at about $52,445,000. Finally, Geode Capital Management LLC boosted its holdings in 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 valued at $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FDS stock traded up $1.04 during trading on Wednesday, hitting $424.74. The stock had a trading volume of 389,046 shares, compared to its average volume of 296,476. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.47 and a current ratio of 1.47. The company's 50 day moving average price is $440.10 and its two-hundred day moving average price is $453.13. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The business 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 24.07% and a return on equity of 32.91%. During the same quarter in the previous year, the business posted $4.22 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is currently 31.29%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated 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 in the company, valued at $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FDS shares. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. UBS Group lowered their price target 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, Evercore ISI cut their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $445.25.

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.