FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,746 shares of the business services provider's stock after purchasing an additional 1,837 shares during the quarter. Stifel Financial Corp owned approximately 0.12% of FactSet Research Systems worth $21,523,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FDS. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in FactSet Research Systems during the 4th quarter valued at approximately $102,000. Private Trust Co. NA increased its stake in 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. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $174,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction 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 directly owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Trading Down 0.4 %

FDS stock traded down $1.57 during trading on Wednesday, hitting $427.14. The company had a trading volume of 36,379 shares, compared to its average volume of 283,219. The firm has a market capitalization of $16.21 billion, a P/E ratio of 30.61, a PEG ratio of 2.93 and a beta of 0.82. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a 50 day simple moving average of $435.69 and a 200-day simple moving average of $459.99.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results 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 return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the firm posted $4.22 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley lowered their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, BMO Capital Markets lowered 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 note on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $436.90.

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.