Novem Group Purchases Shares of 1,668 FactSet Research Systems Inc. (NYSE:FDS)

Novem Group bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,668 shares of the business services provider's stock, valued at approximately $801,000.

Several other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after acquiring an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of FactSet Research Systems by 3.4% during 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 buying an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after buying an additional 7,718 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after buying an additional 66,861 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of FactSet Research Systems by 13.9% during the 4th quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after buying an additional 48,444 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 0.1%

NYSE FDS traded down $0.34 on Friday, reaching $463.65. The company had a trading volume of 171,323 shares, compared to its average volume of 292,202. The stock has a market capitalization of $17.59 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.93 and a beta of 0.88. The company's fifty day moving average is $437.97 and its 200 day moving average is $458.60. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.22 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 0.95%. FactSet Research Systems's dividend payout ratio is presently 31.29%.

Analyst Ratings Changes

A number of research firms have issued reports on FDS. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $450.00 to $402.00 in a research report 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 report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $436.90.

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.