2,132 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,132 shares of the business services provider's stock, valued at approximately $1,024,000.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in FactSet Research Systems during the fourth quarter valued at $69,128,000. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP bought a new position in FactSet Research Systems in the 4th quarter worth about $41,241,000. Wealthfront Advisers LLC boosted its holdings in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock valued at $36,712,000 after purchasing an additional 74,620 shares during the period. Finally, Invesco Ltd. raised its position in FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after purchasing an additional 66,861 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FDS shares. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock 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 report on Monday, March 10th. Finally, BMO Capital Markets cut their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $3.19 during midday trading on Monday, hitting $470.13. The company had a trading volume of 239,995 shares, compared to its average volume of 290,362. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-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. The company's 50 day simple moving average is $434.78 and its 200 day simple moving average is $458.55. The stock 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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.22 earnings per share. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction on 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 directly owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate 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.