7,591 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,591 shares of the business services provider’s stock, valued at approximately $3,449,000.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at approximately $1,174,000. Stratos Wealth Partners LTD. increased its holdings in FactSet Research Systems by 12.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after acquiring an additional 237 shares during the last quarter. Advisors Preferred LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at about $2,024,000. abrdn plc lifted its holdings in FactSet Research Systems by 17.4% during the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after purchasing an additional 10,230 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new position in FactSet Research Systems during the fourth quarter worth about $8,833,000. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Trading Up 0.7 %

Shares of FDS traded up $2.76 during mid-day trading on Friday, reaching $421.47. The company’s stock had a trading volume of 185,143 shares, compared to its average volume of 258,878. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64. The stock has a market cap of $16.07 billion, a PE ratio of 33.37, a P/E/G ratio of 2.57 and a beta of 0.72. The company’s fifty day moving average price is $450.55 and its two-hundred day moving average price is $454.98. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (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 business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. On average, analysts predict that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on FDS shares. Wolfe Research started coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $442.70.

About FactSet Research Systems

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.