Investment House LLC Buys 32,092 Shares of FactSet Research Systems Inc. $FDS

Investment House LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 311.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,393 shares of the business services provider’s stock after acquiring an additional 32,092 shares during the quarter. Investment House LLC’s holdings in FactSet Research Systems were worth $12,302,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FDS. Covestor Ltd raised its stake in shares of FactSet Research Systems by 311.6% in the fourth quarter. Covestor Ltd now owns 461 shares of the business services provider’s stock worth $134,000 after purchasing an additional 349 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of FactSet Research Systems by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,892 shares of the business services provider’s stock worth $7,804,000 after purchasing an additional 377 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of FactSet Research Systems by 36.9% in the fourth quarter. Larson Financial Group LLC now owns 1,149 shares of the business services provider’s stock worth $333,000 after purchasing an additional 310 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of FactSet Research Systems by 36.8% in the fourth quarter. ProShare Advisors LLC now owns 559,500 shares of the business services provider’s stock worth $162,361,000 after purchasing an additional 150,448 shares during the last quarter. Finally, Radnor Capital Management LLC raised its stake in shares of FactSet Research Systems by 8.9% in the fourth quarter. Radnor Capital Management LLC now owns 2,625 shares of the business services provider’s stock worth $762,000 after purchasing an additional 215 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 18th. UBS Group decreased their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. Bank of America initiated coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Stock Down 1.0%

FactSet Research Systems stock opened at $222.08 on Wednesday. The stock has a market cap of $8.09 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $471.92. The stock has a fifty day moving average of $217.94 and a 200 day moving average of $246.34.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The company had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.28 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.1%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.