FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 69.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83 shares of the business services provider’s stock after purchasing an additional 34 shares during the period. Desjardins Global Asset Management Inc.’s holdings in FactSet Research Systems were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. First Capital Advisors Group LLC. acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $30,000. Clear Street Markets LLC raised its position in shares of FactSet Research Systems by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after acquiring an additional 37 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth about $32,000. IFP Advisors Inc raised its position in shares of FactSet Research Systems by 71.4% during the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after acquiring an additional 35 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDS. Barclays reissued an “equal weight” rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $442.70.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Up 1.1 %

FactSet Research Systems stock opened at $434.21 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. The company has a market cap of $16.55 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.72. The stock’s 50 day moving average price is $454.49 and its 200 day moving average price is $455.78.

FactSet Research Systems (NYSE:FDS) last posted 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. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

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.