Integrated Investment Consultants LLC Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

Integrated Investment Consultants LLC lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 16.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,031 shares of the business services provider’s stock after buying an additional 422 shares during the quarter. Integrated Investment Consultants LLC’s holdings in FactSet Research Systems were worth $1,456,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Canoe Financial LP lifted its position in shares of FactSet Research Systems by 7.1% in the fourth quarter. Canoe Financial LP now owns 25,655 shares of the business services provider’s stock valued at $12,322,000 after acquiring an additional 1,711 shares in the last quarter. Somerset Trust Co lifted its holdings in FactSet Research Systems by 2.3% in the 4th quarter. Somerset Trust Co now owns 8,413 shares of the business services provider’s stock worth $4,041,000 after purchasing an additional 186 shares in the last quarter. Avanza Fonder AB purchased a new position in FactSet Research Systems in the 4th quarter worth approximately $1,481,000. Procyon Advisors LLC boosted its stake in FactSet Research Systems by 2.5% in the 4th quarter. Procyon Advisors LLC now owns 6,802 shares of the business services provider’s stock worth $3,267,000 after purchasing an additional 166 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at approximately $1,329,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.6 %

Shares of FDS opened at $462.64 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $480.02 and a 200 day moving average of $451.46. The company has a market cap of $17.59 billion, a PE ratio of 33.16, a P/E/G ratio of 2.85 and a beta of 0.76. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the business earned $4.12 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $453.46.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

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.