Everett Harris & Co. CA Grows Stake in FactSet Research Systems Inc. (NYSE:FDS)

Everett Harris & Co. CA increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,472 shares of the business services provider’s stock after purchasing an additional 561 shares during the period. FactSet Research Systems accounts for 1.0% of Everett Harris & Co. CA’s holdings, making the stock its 24th biggest holding. Everett Harris & Co. CA’s holdings in FactSet Research Systems were worth $70,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley boosted its position in shares of FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after acquiring an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of FactSet Research Systems by 671.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after purchasing an additional 212,204 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of FactSet Research Systems by 31.2% during the second quarter. Champlain Investment Partners LLC now owns 433,517 shares of the business services provider’s stock valued at $173,689,000 after purchasing an additional 103,065 shares in the last quarter. Comerica Bank bought a new stake in shares of FactSet Research Systems in the second quarter worth about $385,860,000. Finally, Norges Bank purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth about $34,175,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.8 %

Shares of FactSet Research Systems stock traded up $3.52 during trading on Wednesday, hitting $447.38. 312,541 shares of the stock traded hands, compared to its average volume of 230,486. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $467.69 and its 200 day simple moving average is $455.47. The firm has a market cap of $17.04 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 2.74 and a beta of 0.73. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. On average, equities analysts predict that FactSet Research Systems Inc. will post 15.78 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Analyst Upgrades and Downgrades

FDS has been the subject of several research analyst reports. BMO Capital Markets raised their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group increased their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Barclays reaffirmed an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $444.11.

Insider Activity

In other FactSet Research Systems news, Director Laurie Siegel sold 1,500 shares of FactSet Research Systems stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $475.84, for a total value of $713,760.00. Following the transaction, the director now owns 595 shares in the company, valued at $283,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $6,147,798.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel sold 1,500 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $475.84, for a total value of $713,760.00. Following the transaction, the director now owns 595 shares in the company, valued at $283,124.80. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.