Moore Capital Management LP Purchases Shares of 3,624 FactSet Research Systems Inc. (NYSE:FDS)

Moore Capital Management LP purchased 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 filing with the Securities & Exchange Commission. The institutional investor purchased 3,624 shares of the business services provider's stock, valued at approximately $1,741,000.

A number of other hedge funds have also made changes to their positions in FDS. Raymond James Financial Inc. purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth $69,128,000. Geode Capital Management LLC raised its position in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock worth $36,712,000 after acquiring an additional 74,620 shares during the period. Invesco Ltd. boosted its stake in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after acquiring an additional 66,861 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $31,975,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The shares were 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 owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Up 2.0%

Shares of FDS stock traded up $9.35 during trading hours on Thursday, hitting $469.22. 425,678 shares of the company's stock traded hands, compared to its average volume of 289,246. 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 stock has a market cap of $17.81 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The stock's fifty day simple moving average is $433.92 and its two-hundred day simple moving average is $458.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS 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 firm 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 earned $4.22 EPS. The company's revenue was up 4.5% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 0.94%. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Analyst Ratings Changes

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

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.