Rhumbline Advisers Purchases 4,364 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Rhumbline Advisers increased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,310 shares of the business services provider's stock after buying an additional 4,364 shares during the quarter. Rhumbline Advisers owned 0.22% of FactSet Research Systems worth $37,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB lifted 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 during the period. Allworth Financial LP boosted its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after acquiring an additional 22 shares during the last quarter. Menard Financial Group LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $91,000. Finally, Smartleaf Asset Management LLC increased its position in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares during the period. Institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FDS shares. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley decreased their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. UBS Group dropped 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 decreased their target price 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and an average target price of $448.00.

Insider Activity at FactSet Research Systems

In related 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 sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Up 0.3%

Shares of FDS traded up $1.28 during trading hours on Friday, hitting $432.76. The stock had a trading volume of 225,627 shares, compared to its average volume of 293,383. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The firm has a market capitalization of $16.42 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The firm has a 50 day simple moving average of $439.93 and a 200-day simple moving average of $456.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

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 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 analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.22 earnings per share. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.02%. FactSet Research Systems's dividend payout ratio is currently 31.29%.

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.