UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 42,808 Shares of FactSet Research Systems Inc. (NYSE:FDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,822 shares of the business services provider's stock after acquiring an additional 42,808 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of FactSet Research Systems worth $143,038,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Wealth Strategies LLC. purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth $1,490,000. Woodline Partners LP raised its stake 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 valued at $1,096,000 after acquiring an additional 1,768 shares during the period. Vident Advisory LLC lifted its position in shares of FactSet Research Systems by 174.4% during the fourth quarter. Vident Advisory LLC now owns 1,276 shares of the business services provider's stock worth $613,000 after purchasing an additional 811 shares during the last quarter. Toronto Dominion Bank increased its holdings in FactSet Research Systems by 57.3% during the 4th quarter. Toronto Dominion Bank now owns 20,732 shares of the business services provider's stock worth $9,957,000 after purchasing an additional 7,552 shares during the period. Finally, Siemens Fonds Invest GmbH lifted its holdings in shares of FactSet Research Systems by 871.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider's stock worth $5,203,000 after buying an additional 9,719 shares during the period. Institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDS. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. 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 Monday, March 10th. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $436.90.

FactSet Research Systems Trading Up 0.5%

Shares of NYSE FDS traded up $2.15 during trading on Thursday, hitting $462.42. 47,685 shares of the company traded hands, compared to its average volume of 301,256. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.55 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a 50-day moving average price of $439.65 and a 200-day moving average price of $458.44. 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 posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $4.22 EPS. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business 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 a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio is 31.29%.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction on 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 approximately $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

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.