VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 5,520 FactSet Research Systems Inc. $FDS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,520 shares of the business services provider’s stock, valued at approximately $1,602,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDS. M&T Bank Corp increased its holdings in shares of FactSet Research Systems by 3,285.3% during the fourth quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock valued at $89,356,000 after acquiring an additional 298,827 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of FactSet Research Systems by 1,356.3% during the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock valued at $80,151,000 after acquiring an additional 260,557 shares in the last quarter. Barclays PLC increased its holdings in shares of FactSet Research Systems by 159.3% during the third quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock valued at $78,079,000 after acquiring an additional 167,424 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of FactSet Research Systems by 1,221.1% during the third quarter. First Trust Advisors LP now owns 160,446 shares of the business services provider’s stock valued at $45,966,000 after acquiring an additional 148,301 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of FactSet Research Systems by 190.0% during the third quarter. BNP Paribas Financial Markets now owns 206,711 shares of the business services provider’s stock valued at $59,221,000 after acquiring an additional 135,431 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 6.3%

FDS stock opened at $212.49 on Friday. The stock’s fifty day simple moving average is $218.03 and its two-hundred day simple moving average is $247.41. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The stock has a market cap of $7.74 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.74 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping 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 business had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. During the same quarter in the previous year, the firm earned $4.28 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is presently 28.30%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDS. 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 report on Wednesday, April 1st. 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 report on Wednesday, April 1st. Barclays decreased their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. Bank of America began coverage on FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target for the company. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $279.85.

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.