FactSet Research Systems Inc. (NYSE:FDS) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 382,434 shares of the business services provider’s stock after acquiring an additional 9,048 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in FactSet Research Systems were worth $183,675,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FDS. SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems in the 4th quarter valued at approximately $102,000. Jones Financial Companies Lllp increased its stake in shares of FactSet Research Systems by 19.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,636 shares of the business services provider’s stock worth $786,000 after acquiring an additional 272 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of FactSet Research Systems in the fourth quarter worth $351,000. Smartleaf Asset Management LLC raised its holdings in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after acquiring an additional 33 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in FactSet Research Systems by 89.7% during the fourth quarter. Fisher Asset Management LLC now owns 47,783 shares of the business services provider’s stock valued at $22,949,000 after purchasing an additional 22,598 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDS has been the topic of several research reports. Royal Bank of Canada reaffirmed 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. Morgan Stanley increased their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. UBS Group increased their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Stock Down 0.8 %

FactSet Research Systems stock opened at $441.90 on Friday. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 2.93 and a beta of 0.77. The firm has a fifty day moving average price of $464.28 and a two-hundred day moving average price of $462.68. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.12 EPS. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s payout ratio 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.