Moment Partners LLC Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Moment Partners LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 616 shares of the business services provider’s stock, valued at approximately $296,000.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in FactSet Research Systems during the 4th quarter worth $69,128,000. Wealthfront Advisers LLC raised its position in FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after purchasing an additional 74,620 shares during the period. Nordea Investment Management AB lifted its stake in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth about $26,338,000. Finally, JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FDS. BMO Capital Markets reduced their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Morgan Stanley dropped their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five 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 price target of $436.27.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Up 0.3 %

NYSE:FDS opened at $440.90 on Thursday. The stock has a 50-day simple moving average of $454.52 and a 200 day simple moving average of $464.67. 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 capitalization of $16.77 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. 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 (NYSE:FDS) last issued 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. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.22 EPS. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.59%.

FactSet Research Systems 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.