PineStone Asset Management Inc. Grows Stake in FactSet Research Systems Inc. (NYSE:FDS)

PineStone Asset Management Inc. lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,088 shares of the business services provider’s stock after buying an additional 19,085 shares during the quarter. FactSet Research Systems makes up about 1.3% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 24th largest position. PineStone Asset Management Inc. owned about 0.77% of FactSet Research Systems worth $140,764,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV lifted its position in FactSet Research Systems by 19.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 717 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 119 shares during the last quarter. Asset Management One Co. Ltd. grew its position in FactSet Research Systems by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,241 shares of the business services provider’s stock worth $6,929,000 after acquiring an additional 359 shares in the last quarter. Van ECK Associates Corp lifted its stake in FactSet Research Systems by 3.9% in the fourth quarter. Van ECK Associates Corp now owns 8,267 shares of the business services provider’s stock worth $3,970,000 after purchasing an additional 311 shares during the last quarter. Naples Global Advisors LLC boosted its position in FactSet Research Systems by 2.7% in the 4th quarter. Naples Global Advisors LLC now owns 4,115 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 110 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in FactSet Research Systems during the 4th quarter valued at $4,396,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.7 %

FactSet Research Systems stock opened at $456.24 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.35 billion, a PE ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77. The stock’s 50 day simple moving average is $471.71 and its two-hundred day simple moving average is $457.64. 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 issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the firm posted $4.12 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several analysts have commented on FDS shares. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company dropped their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $453.23.

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.