2,747 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Pacific Point Advisors LLC

Pacific Point Advisors LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,747 shares of the business services provider's stock, valued at approximately $1,282,000.

A number of other large investors have also made changes to their positions in the stock. Novem Group purchased a new position in shares of FactSet Research Systems in the 4th quarter valued at about $801,000. Kolinsky Wealth Management LLC boosted its stake in shares of FactSet Research Systems by 3.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after purchasing an additional 23 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FactSet Research Systems by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,822 shares of the business services provider's stock worth $143,038,000 after purchasing an additional 42,808 shares during the last quarter. Wellington Wealth Strategies LLC. acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $1,490,000. Finally, Woodline Partners LP boosted its position in shares of FactSet Research Systems by 344.0% in the fourth quarter. Woodline Partners LP now owns 2,282 shares of the business services provider's stock worth $1,096,000 after acquiring an additional 1,768 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded down $0.34 during mid-day trading on Friday, reaching $463.65. The company had a trading volume of 171,323 shares, compared to its average volume of 292,202. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.59 billion, a PE ratio of 33.24, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a 50-day moving average price of $437.97 and a two-hundred day moving average price of $458.49. 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 issued its quarterly earnings results 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 for 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%. FactSet Research Systems's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.22 earnings per share. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

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

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on FDS shares. UBS Group reduced their price objective on 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. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. 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. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $436.90.

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.