Cerity Partners LLC Acquires Shares of 803 FactSet Research Systems Inc. (NYSE:FDS)

Cerity Partners LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 803 shares of the business services provider’s stock, valued at approximately $382,000.

Other large investors have also recently made changes to their positions in the company. Morgan Stanley increased its position in FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after purchasing an additional 212,204 shares in the last quarter. International Assets Investment Management LLC bought a new stake in FactSet Research Systems in the 4th quarter worth approximately $45,288,000. JPMorgan Chase & Co. lifted its holdings in shares of FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after acquiring an additional 66,986 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in FactSet Research Systems by 45.1% in the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after purchasing an additional 57,502 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems 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 directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Finally, Oppenheimer restated a “market perform” rating 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, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Stock Up 0.7 %

FDS stock opened at $421.47 on Friday. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day moving average is $450.55 and its two-hundred day moving average is $454.98. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate 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 net margin of 22.72% and a return on equity of 34.36%. As a group, analysts forecast that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s payout ratio is 31.04%.

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.