Peapack Gladstone Financial Corp Buys 121 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Peapack Gladstone Financial Corp grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 731 shares of the business services provider’s stock after purchasing an additional 121 shares during the period. Peapack Gladstone Financial Corp’s holdings in FactSet Research Systems were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FDS. Morgan Stanley lifted its holdings 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 period. Norges Bank purchased a new position in shares of FactSet Research Systems in the 4th quarter valued at approximately $47,977,000. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $45,288,000. PineStone Asset Management Inc. boosted its position in shares of FactSet Research Systems by 117.0% during the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after purchasing an additional 88,173 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a document filed with the SEC, which is available through this link. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock worth $10,283,347 over the last quarter. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $410.10 on Friday. FactSet Research Systems Inc. has a 12 month low of $385.27 and a 12 month high of $488.64. The business’s fifty day simple moving average is $429.96 and its two-hundred day simple moving average is $451.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.62 and a beta of 0.74.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping 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 company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. Research analysts anticipate that FactSet Research Systems Inc. will post 15.81 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 Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.01%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s payout ratio is presently 32.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FDS shares. Wolfe Research began coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a report on Monday. Finally, BMO Capital Markets upped their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $431.50.

Read Our Latest Stock Report on FactSet Research Systems

FactSet Research Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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