7,591 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,591 shares of the business services provider's stock, valued at approximately $3,449,000.

Other hedge funds also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth about $30,000. IFP Advisors Inc lifted its stake in shares of FactSet Research Systems by 71.4% during the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider's stock worth $37,000 after buying an additional 35 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of FactSet Research Systems by 820.0% during the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider's stock worth $40,000 after buying an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 69.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider's stock worth $40,000 after buying an additional 34 shares during the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider's stock worth $44,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays reiterated an "equal weight" rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a "sell" rating in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research note on Monday, March 25th. Finally, Wolfe Research assumed coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an "underperform" rating and a $430.00 price objective for the company. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $442.70.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $6,147,798.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

FactSet Research Systems Trading Up 0.7 %

NYSE:FDS traded up $2.76 during mid-day trading on Friday, hitting $421.47. 185,143 shares of the company's stock were exchanged, compared to its average volume of 258,878. The company has a 50 day simple moving average of $450.55 and a 200-day simple moving average of $454.99. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The firm has a market capitalization of $16.07 billion, a P/E ratio of 33.37, a PEG ratio of 2.57 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. As a group, research analysts expect that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.93%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.04%.

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.