Raymond James & Associates Has $52.73 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Raymond James & Associates increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,536 shares of the business services provider’s stock after buying an additional 1,370 shares during the quarter. Raymond James & Associates owned 0.29% of FactSet Research Systems worth $52,731,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FDS. Vanguard Group Inc. lifted its stake in FactSet Research Systems by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock worth $1,866,025,000 after purchasing an additional 52,604 shares during the period. Bamco Inc. NY lifted its stake in FactSet Research Systems by 0.3% during the third quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after purchasing an additional 8,862 shares during the period. State Street Corp lifted its stake in FactSet Research Systems by 1.7% during the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock worth $863,125,000 after purchasing an additional 32,550 shares during the period. Morgan Stanley lifted its stake in 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 purchasing an additional 698,611 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in FactSet Research Systems by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,078,226 shares of the business services provider’s stock worth $447,561,000 after purchasing an additional 8,564 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $447.38 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.68. The firm has a market cap of $17.04 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.74 and a beta of 0.73. The firm has a 50 day simple moving average of $467.69 and a 200 day simple moving average of $455.47. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $6,147,798.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FDS. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $480.00 price target (up previously from $471.00) on shares of FactSet Research Systems in a research note on Friday, December 8th. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday. Barclays reiterated an “equal weight” rating and issued a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $444.11.

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.