Proficio Capital Partners LLC Takes $26.34 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Proficio Capital Partners LLC acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 54,838 shares of the business services provider’s stock, valued at approximately $26,338,000.

Several other hedge funds have also recently modified their holdings of FDS. Nordea Investment Management AB increased its holdings in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after acquiring an additional 59,173 shares in the last quarter. JPMorgan Chase & Co. boosted its position in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares during the last quarter. State Street Corp boosted its position in FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the last quarter. Bank of New York Mellon Corp boosted its position in FactSet Research Systems by 11.2% in the fourth quarter. Bank of New York Mellon Corp now owns 276,779 shares of the business services provider’s stock valued at $132,932,000 after buying an additional 27,836 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its position in FactSet Research Systems by 7.0% in the fourth quarter. PineStone Asset Management Inc. now owns 293,088 shares of the business services provider’s stock valued at $140,764,000 after buying an additional 19,085 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FDS shares. Morgan Stanley upped their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company dropped their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $453.23.

FactSet Research Systems Trading Up 1.6 %

Shares of NYSE:FDS opened at $461.93 on Friday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day moving average price is $466.78 and its 200-day moving average price is $461.40.

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

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

FactSet Research Systems Profile

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.