Gotham Asset Management LLC Has $47.44 Million Position in FactSet Research Systems Inc. $FDS

Gotham Asset Management LLC lifted its position in FactSet Research Systems Inc. (NYSE:FDS) by 583.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,482 shares of the business services provider’s stock after buying an additional 139,574 shares during the period. Gotham Asset Management LLC’s holdings in FactSet Research Systems were worth $47,441,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of FactSet Research Systems by 444,058.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after buying an additional 13,854,613 shares in the last quarter. Vanguard Group Inc. raised its stake in FactSet Research Systems by 2.2% in the third quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider’s stock valued at $1,413,078,000 after buying an additional 107,184 shares during the period. Bamco Inc. NY raised its stake in FactSet Research Systems by 58.8% in the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock valued at $838,314,000 after acquiring an additional 1,069,786 shares during the period. State Street Corp lifted its stake in shares of FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after buying an additional 23,660 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock worth $245,247,000 after acquiring an additional 26,865 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. UBS Group decreased their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada lowered their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, Barclays reduced their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $228.76 on Thursday. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41. The firm has a 50-day moving average of $231.15 and a 200-day moving average of $242.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $8.33 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.98 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same period in the prior year, the company posted $4.28 earnings per share. FactSet Research Systems’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a yield of 2.0%. FactSet Research Systems’s dividend payout ratio is presently 29.84%.

FactSet Research Systems 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.