Point72 Asset Management L.P. Makes New $66.37 Million Investment in FactSet Research Systems Inc. (NYSE:FDS)

Point72 Asset Management L.P. bought a new position in shares of 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. The institutional investor bought 138,186 shares of the business services provider’s stock, valued at approximately $66,368,000. Point72 Asset Management L.P. owned approximately 0.36% of FactSet Research Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $29,000. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $99,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $102,000. Finally, Private Trust Co. NA boosted its position 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 acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly 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 filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

FDS stock opened at $469.22 on Friday. The company has a fifty day moving average price of $433.92 and a 200-day moving average price of $458.39. The company has a market capitalization of $17.81 billion, a P/E ratio of 33.64, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. 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 released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.22 earnings per share. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is 31.29%.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley reduced 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 report on Friday, March 21st. UBS Group dropped their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.