Invesco Ltd. Has $219.08 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Invesco Ltd. raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,149 shares of the business services provider's stock after purchasing an additional 66,861 shares during the quarter. Invesco Ltd. owned 1.20% of FactSet Research Systems worth $219,079,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP raised its stake in shares of FactSet Research Systems by 37.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,332 shares of the business services provider's stock valued at $1,073,000 after acquiring an additional 631 shares during the period. EP Wealth Advisors LLC acquired a new position in FactSet Research Systems during the 3rd quarter worth approximately $364,000. MML Investors Services LLC increased its holdings in FactSet Research Systems by 6.0% during the 3rd quarter. MML Investors Services LLC now owns 2,177 shares of the business services provider's stock worth $1,001,000 after purchasing an additional 123 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of FactSet Research Systems by 8.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider's stock worth $5,273,000 after purchasing an additional 894 shares during the last quarter. Finally, M&T Bank Corp grew its stake in FactSet Research Systems by 25.7% in the third quarter. M&T Bank Corp now owns 11,525 shares of the business services provider's stock worth $5,299,000 after purchasing an additional 2,354 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

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 transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. BMO Capital Markets reduced their price target on shares of 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. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Trading Up 0.4 %

Shares of NYSE FDS traded up $1.81 during mid-day trading on Thursday, hitting $429.04. 67,381 shares of the company traded hands, compared to its average volume of 284,330. The business has a 50 day moving average of $441.91 and a two-hundred day moving average of $461.92. The stock has a market capitalization of $16.28 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

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, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the firm posted $4.22 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 dividend payout ratio (DPR) is currently 29.59%.

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.