Virtu Financial LLC Purchases New Position in FactSet Research Systems Inc. (NYSE:FDS)

Virtu Financial LLC acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,725 shares of the business services provider’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $35,000. Allworth Financial LP boosted its position in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Continuum Advisory LLC grew its holdings in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 156 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $102,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.1 %

Shares of FDS opened at $432.44 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 company has a 50-day moving average price of $455.05 and a two-hundred day moving average price of $464.73. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.93 and a beta of 0.77. 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 posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the company earned $4.22 EPS. FactSet Research Systems’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Analyst Upgrades and Downgrades

FDS has been the topic of several recent analyst reports. UBS Group dropped their target price 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. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $450.00 to $402.00 in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Finally, BMO Capital Markets lowered their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Company Profile

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.