Tower Research Capital LLC TRC Increases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Tower Research Capital LLC TRC lifted its position in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 253.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,866 shares of the business services provider’s stock after purchasing an additional 5,640 shares during the period. Tower Research Capital LLC TRC’s holdings in FactSet Research Systems were worth $3,752,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FDS. Criterion Capital Advisors LLC bought a new position in FactSet Research Systems in the fourth quarter worth approximately $30,000. Desjardins Global Asset Management Inc. raised its stake in FactSet Research Systems by 69.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares in the last quarter. Smithfield Trust Co raised its stake in FactSet Research Systems by 51.6% in the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares in the last quarter. CVA Family Office LLC bought a new position in FactSet Research Systems in the fourth quarter worth approximately $49,000. Finally, Global Retirement Partners LLC raised its stake in FactSet Research Systems by 36.9% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

NYSE FDS opened at $409.95 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s fifty day moving average price is $429.96 and its 200 day moving average price is $451.95. FactSet Research Systems Inc. has a 1 year low of $385.27 and a 1 year high of $488.64. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.69 and a beta of 0.74.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (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 firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 15.8 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.01%. This is a positive change 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 dividend payout ratio is presently 32.94%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value 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 $640,747.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 1,485 shares in the company, valued at $640,747.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,987 shares of company stock valued at $10,283,347. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on FDS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. 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. The Goldman Sachs Group upped their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Morgan Stanley reduced their price target on FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating on the stock in a research report on Monday, June 3rd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $431.50.

Check Out Our Latest Stock Analysis on FDS

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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