23,748 Shares in FactSet Research Systems Inc. (NYSE:FDS) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,748 shares of the business services provider's stock, valued at approximately $11,406,000. Susquehanna Fundamental Investments LLC owned 0.06% of FactSet Research Systems as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 9.4% during the 4th 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 period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after buying an additional 16,522 shares during the period. JPMorgan Chase & Co. raised its holdings in FactSet Research Systems by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after acquiring an additional 7,718 shares in the last quarter. Invesco Ltd. grew its holdings 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 worth $219,079,000 after acquiring an additional 66,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of FactSet Research Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock valued at $183,675,000 after purchasing an additional 9,048 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $4.15 during trading on Friday, reaching $434.04. The company's stock had a trading volume of 85,176 shares, compared to its average volume of 283,492. The company has a 50-day moving average price of $434.46 and a two-hundred day moving average price of $459.58. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm has a market cap of $16.47 billion, a PE ratio of 31.12, a P/E/G ratio of 2.93 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 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 business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same period in the prior year, the company earned $4.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm 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 dividend of $1.10 per share. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 1.01%. FactSet Research Systems's payout ratio is presently 29.59%.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. 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 report on Monday, March 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $436.90.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.