United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $720,000 in FactSet Research Systems Inc. (NYSE:FDS)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,500 shares of the business services provider’s stock, valued at approximately $720,000.

Several other institutional investors also recently bought and sold shares of the company. Quest Partners LLC raised its holdings in shares of FactSet Research Systems by 560.3% in the third quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 381 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares during the period. Meridian Wealth Management LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $321,000. Great Valley Advisor Group Inc. bought a new position in FactSet Research Systems in the third quarter worth approximately $224,000. Finally, Cerity Partners LLC lifted its holdings in FactSet Research Systems by 164.0% during the third quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock worth $2,356,000 after buying an additional 3,183 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FDS shares. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets cut their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $436.27.

FactSet Research Systems Stock Up 1.8 %

FDS stock opened at $440.10 on Wednesday. The firm’s fifty day moving average is $454.78 and its 200 day moving average is $464.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The firm has a market cap of $16.74 billion, a PE ratio of 31.55, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.95%. FactSet Research Systems’s payout ratio is currently 29.59%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Company 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.