FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 100.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,500 shares of the business services provider's stock after purchasing an additional 2,250 shares during the quarter. Gabelli Funds LLC's holdings in FactSet Research Systems were worth $2,161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in FactSet Research Systems in the 4th quarter worth approximately $31,975,000. Canada Post Corp Registered Pension Plan acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $298,000. Mariner LLC lifted its position in shares of FactSet Research Systems by 2.2% in the fourth quarter. Mariner LLC now owns 15,549 shares of the business services provider's stock worth $7,468,000 after purchasing an additional 333 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at approximately $246,000. Finally, Townsquare Capital LLC grew its stake in shares of FactSet Research Systems by 5.6% in the fourth quarter. Townsquare Capital LLC now owns 25,371 shares of the business services provider's stock worth $12,185,000 after acquiring an additional 1,345 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FDS shares. UBS Group dropped their price objective 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. Royal Bank of Canada reissued 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 target price on shares of 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. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Finally, Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company 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 issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Trading Up 0.9 %

Shares of NYSE FDS traded up $3.70 during midday trading on Thursday, reaching $429.22. 36,290 shares of the stock were exchanged, compared to its average volume of 283,672. The business has a 50-day simple moving average of $438.58 and a two-hundred day simple moving average of $460.74. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. 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 issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) 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 company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the company posted $4.22 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems 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 of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

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.