Thurston Springer Miller Herd & Titak Inc. Acquires 1,027 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Thurston Springer Miller Herd & Titak Inc. increased its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,198 shares of the business services provider's stock after purchasing an additional 1,027 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in FactSet Research Systems were worth $2,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in FactSet Research Systems during the 4th quarter valued at about $5,882,000. Mirae Asset Global Investments Co. Ltd. grew its stake in FactSet Research Systems by 5.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider's stock valued at $9,094,000 after acquiring an additional 932 shares in the last quarter. American Century Companies Inc. grew its stake in FactSet Research Systems by 44.4% during the 4th quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider's stock valued at $7,441,000 after acquiring an additional 4,763 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in FactSet Research Systems during the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of several research analyst reports. 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 note on Tuesday, June 3rd. BMO Capital Markets lowered their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Morgan Stanley reduced 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. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $448.00.

FactSet Research Systems Trading Up 0.3%

Shares of FDS traded up $1.28 during trading hours on Friday, hitting $432.76. 225,627 shares of the stock traded hands, compared to its average volume of 293,681. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. 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 PE ratio of 31.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The business has a fifty day moving average of $439.46 and a 200-day moving average of $456.11.

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

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.02%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred 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 directly owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.