3,084 Shares in FactSet Research Systems Inc. (NYSE:FDS) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,084 shares of the business services provider’s stock, valued at approximately $1,481,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC raised its position in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. American Century Companies Inc. raised its holdings in FactSet Research Systems by 8.5% during the second quarter. American Century Companies Inc. now owns 10,188 shares of the business services provider’s stock worth $4,159,000 after purchasing an additional 798 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $52,000. Dimensional Fund Advisors LP boosted its holdings in shares of FactSet Research Systems by 21.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after buying an additional 41,717 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in shares of FactSet Research Systems in the 2nd quarter valued at $257,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 0.6 %

Shares of FactSet Research Systems stock opened at $462.64 on Friday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a market cap of $17.59 billion, a P/E ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.39. The firm has a fifty day moving average of $480.02 and a two-hundred day moving average of $451.71.

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

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley raised their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $453.46.

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.