Harvest Fund Management Co. Ltd Acquires Shares of 363 FactSet Research Systems Inc. (NYSE:FDS)

Harvest Fund Management Co. Ltd purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 363 shares of the business services provider’s stock, valued at approximately $174,000.

Several other large investors have also modified their holdings of FDS. Quest Partners LLC increased its stake in FactSet Research Systems by 560.3% during the 3rd quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 381 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of FactSet Research Systems in the 3rd quarter valued at $736,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of FactSet Research Systems by 153.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider’s stock valued at $8,191,000 after acquiring an additional 10,791 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of FactSet Research Systems by 29.4% in the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock valued at $5,588,000 after acquiring an additional 2,764 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after acquiring an additional 4,113 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.5 %

NYSE FDS opened at $433.01 on Friday. The firm has a 50 day simple moving average of $455.49 and a 200-day simple moving average of $464.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the firm posted $4.22 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Analyst Upgrades and Downgrades

FDS has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. BMO Capital Markets lowered their price target 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. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, UBS Group lowered their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $441.00.

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.