Interval Partners LP Acquires New Stake in FactSet Research Systems Inc. (NYSE:FDS)

Interval Partners LP acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,362 shares of the business services provider's stock, valued at approximately $9,779,000. Interval Partners LP owned about 0.05% of FactSet Research Systems at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FDS. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after purchasing an additional 1,436 shares during the last quarter. Avanza Fonder AB bought a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $1,481,000. JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after buying an additional 52,741 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in FactSet Research Systems in the 4th quarter worth approximately $5,882,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FactSet Research Systems by 5.2% in 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. 91.24% of the stock is owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target 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. UBS Group lowered 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 research note on Friday, March 21st. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Trading Up 1.3 %

NYSE:FDS opened at $454.21 on Friday. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $432.58 and a 200-day moving average price of $458.33. FactSet Research Systems Inc. has a one year low of $391.69 and a one 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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter in the prior year, the business posted $4.22 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a $1.10 dividend. This is a positive change 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 0.97%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.29%.

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.

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