Sapient Capital LLC acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,587 shares of the business services provider's stock, valued at approximately $6,959,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. Morgan Stanley raised its stake in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider's stock valued at $610,515,000 after acquiring an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of FactSet Research Systems by 671.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider's stock worth $106,617,000 after buying an additional 212,204 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $45,288,000. JPMorgan Chase & Co. raised its stake in shares of FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider's stock worth $220,146,000 after buying an additional 66,986 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider's stock worth $81,723,000 after buying an additional 57,502 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.
FactSet Research Systems Price Performance
NYSE:FDS traded up $4.89 during trading hours on Friday, reaching $428.25. 197,396 shares of the company traded hands, compared to its average volume of 254,506. The firm's 50-day moving average is $446.95 and its 200-day moving average is $454.03. The stock has a market cap of $16.32 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts' consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to analysts' expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities research analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.
FactSet Research Systems Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from FactSet Research Systems's previous quarterly dividend of $0.98. FactSet Research Systems's dividend payout ratio is 31.04%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $464.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets increased their target price on 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. Barclays reissued an "equal weight" rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group increased their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a "sell" rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus restated a "hold" rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $442.70.
View Our Latest Analysis on FactSet Research Systems
Insiders Place Their Bets
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company's stock, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares of the company's stock, valued at approximately $30,204. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,330 shares of company stock valued at $2,740,515 in the last quarter. 1.00% of the stock is currently owned by company insiders.
FactSet Research Systems Profile
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Free Report)
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.
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