The Manufacturers Life Insurance Company Boosts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

The Manufacturers Life Insurance Company lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,569 shares of the business services provider’s stock after acquiring an additional 862 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of FactSet Research Systems worth $13,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth $509,000. Bank of Nova Scotia increased its holdings in FactSet Research Systems by 32.7% in the fourth quarter. Bank of Nova Scotia now owns 4,710 shares of the business services provider’s stock valued at $2,247,000 after buying an additional 1,160 shares during the last quarter. Lcnb Corp purchased a new position in FactSet Research Systems in the fourth quarter valued at $206,000. TFO Wealth Partners LLC increased its holdings in FactSet Research Systems by 923.3% in the fourth quarter. TFO Wealth Partners LLC now owns 440 shares of the business services provider’s stock valued at $210,000 after buying an additional 397 shares during the last quarter. Finally, J. W. Coons Advisors LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at $208,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders sold a total of 23,987 shares of company stock worth $10,283,347 over the last 90 days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $406.24 on Tuesday. FactSet Research Systems Inc. has a fifty-two week low of $385.27 and a fifty-two week high of $488.64. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The firm has a 50-day simple moving average of $429.07 and a 200-day simple moving average of $451.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its earnings results 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. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 15.8 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a $1.04 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a yield of 1.02%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is presently 32.94%.

Analyst Upgrades and Downgrades

FDS has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. BMO Capital Markets raised their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $431.50.

View 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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