Point72 Asset Management L.P. Makes New $66.37 Million Investment in FactSet Research Systems Inc. (NYSE:FDS)

Point72 Asset Management L.P. acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 138,186 shares of the business services provider's stock, valued at approximately $66,368,000. Point72 Asset Management L.P. owned approximately 0.36% of FactSet Research Systems at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems during the fourth quarter valued at approximately $29,000. Allworth Financial LP lifted its position in shares of 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 acquiring an additional 22 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of FactSet Research Systems in the 4th quarter worth $102,000. Finally, Private Trust Co. NA grew its holdings 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 worth $140,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 0.7%

FDS traded down $3.19 on Monday, reaching $470.13. 239,995 shares of the company traded hands, compared to its average volume of 290,362. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock's 50 day moving average price is $434.78 and its 200-day moving average price is $458.55. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business posted $4.22 EPS. The company'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 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FDS shares. UBS Group decreased their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets decreased their price objective on shares of 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. Finally, Morgan Stanley lowered 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. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $436.90.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

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.