Van ECK Associates Corp Purchases 1,882 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Van ECK Associates Corp grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 40.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,589 shares of the business services provider’s stock after buying an additional 1,882 shares during the period. Van ECK Associates Corp’s holdings in FactSet Research Systems were worth $3,143,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at $30,000. Larson Financial Group LLC grew its holdings in shares of FactSet Research Systems by 820.0% during the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock valued at $40,000 after buying an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after buying an additional 34 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of FactSet Research Systems during the third quarter worth about $46,000. Finally, CVA Family Office LLC bought a new position in FactSet Research Systems in the 4th quarter valued at about $49,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FDS. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research started coverage on FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. The Goldman Sachs Group increased their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Stock Up 1.8 %

FDS opened at $436.08 on Tuesday. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The company’s 50-day moving average price is $446.49 and its two-hundred day moving average price is $454.09. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. As a group, equities analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. FactSet Research Systems’s dividend payout ratio is presently 32.94%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,363,082.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,772 shares of company stock valued at $6,371,121. 1.00% of the stock is owned by insiders.

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.