Mirabella Financial Services LLP Invests $1.44 Million in FactSet Research Systems Inc. (NYSE:FDS)

Mirabella Financial Services LLP bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,999 shares of the business services provider's stock, valued at approximately $1,440,000.

Other hedge funds also recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $413,000. Thurston Springer Miller Herd & Titak Inc. increased its position in FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock worth $2,003,000 after buying an additional 1,436 shares during the period. Nordea Investment Management AB lifted its stake in FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after buying an additional 59,173 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at $1,481,000. Finally, JPMorgan Chase & Co. boosted 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 acquiring an additional 52,741 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded down $3.46 during trading on Friday, hitting $424.69. The stock had a trading volume of 151,568 shares, compared to its average volume of 284,034. The business has a fifty day moving average of $437.31 and a two-hundred day moving average of $460.37. The firm has a market cap of $16.12 billion, a P/E ratio of 30.44, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week 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 posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating 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 company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the firm posted $4.22 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems's payout ratio is 29.59%.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on 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 approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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.