FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,379 shares of the business services provider’s stock after purchasing an additional 26,897 shares during the quarter. Deutsche Bank AG’s holdings in FactSet Research Systems were worth $85,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC purchased a new stake in FactSet Research Systems in the fourth quarter valued at approximately $29,000. Allworth Financial LP boosted its holdings in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth $102,000. Finally, Private Trust Co. NA increased its holdings in shares of FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $454.21 on Monday. The firm has a market capitalization of $17.24 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The stock’s 50 day moving average price is $432.58 and its 200 day moving average price is $458.35. 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 posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.22 earnings per share. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a $1.10 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FDS shares. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $436.90.

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.