Point72 Hong Kong Ltd Acquires New Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Point72 Hong Kong Ltd acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,132 shares of the business services provider’s stock, valued at approximately $1,024,000.

Several other hedge funds have also recently bought and sold shares of FDS. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at about $29,000. Allworth Financial LP lifted its position in 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 lifted its position in FactSet Research Systems by 19.2% in the 4th 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 last quarter. SBI Securities Co. Ltd. bought a new stake in FactSet Research Systems in the 4th quarter valued at about $102,000. Finally, Private Trust Co. NA lifted its position in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FDS shares. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada restated 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. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. 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 report on Friday, March 21st. Finally, UBS Group dropped 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 research report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $436.90.

FactSet Research Systems Stock Up 2.0%

NYSE FDS opened at $469.22 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50 day simple moving average is $433.92 and its 200 day simple moving average is $458.39. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. 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 (NYSE:FDS) last released 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 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 business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.22 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a $1.10 dividend. This is an increase 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%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.29%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.