FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Novem Group

Novem Group grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 36.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,279 shares of the business services provider's stock after purchasing an additional 611 shares during the period. Novem Group's holdings in FactSet Research Systems were worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $29,000. American National Bank & Trust acquired a new stake in FactSet Research Systems during the 1st quarter worth approximately $44,000. Golden State Wealth Management LLC boosted its position 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 during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after acquiring an additional 28 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of FactSet Research Systems in the first quarter worth $60,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FDS. Wells Fargo & Company lifted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Morgan Stanley boosted their price objective 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. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets raised their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Stock Up 0.1%

FDS stock traded up $0.23 during midday trading on Friday, reaching $447.94. 185,676 shares of the company were exchanged, compared to its average volume of 293,028. The stock's 50-day simple moving average is $443.00 and its 200 day simple moving average is $449.49. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. 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 company has a market cap of $17.00 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly 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). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same period last year, the firm earned $4.37 earnings per share. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend 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 (DPR) is currently 31.79%.

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.