Stonebridge Financial Group LLC Takes $4.40 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Stonebridge Financial Group LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,154 shares of the business services provider’s stock, valued at approximately $4,396,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its holdings in FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after acquiring an additional 128 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in FactSet Research Systems in the third quarter valued at approximately $78,000. 91.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FDS shares. Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Finally, UBS Group lifted their price target 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. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $453.46.

FactSet Research Systems Stock Performance

FDS stock opened at $460.07 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.50 billion, a PE ratio of 32.98, a P/E/G ratio of 2.95 and a beta of 0.77. The business has a 50 day moving average of $473.77 and a 200-day moving average of $457.06. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87.

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

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is 29.82%.

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.