Man Group plc Has $16.56 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Man Group plc grew its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,480 shares of the business services provider's stock after buying an additional 1,487 shares during the period. Man Group plc owned 0.09% of FactSet Research Systems worth $16,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its position in FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock worth $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA boosted its stake in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of FactSet Research Systems by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after buying an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC raised its stake in shares of FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock worth $809,000 after buying an additional 25 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Down 0.4%

FactSet Research Systems stock traded down $1.71 during mid-day trading on Thursday, hitting $462.60. 38,195 shares of the company's stock were exchanged, compared to its average volume of 290,741. The company's 50 day simple moving average is $437.01 and its 200-day simple moving average is $458.75. 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 33.18, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $570.65 million. During the same period in the prior year, the company earned $4.22 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. BMO Capital Markets cut their price target 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 decreased their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Morgan Stanley reduced their target price 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 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, the stock has an average rating of "Hold" and a consensus target price of $436.90.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the 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 transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19% decrease in their position. The transaction 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.