Pilgrim Partners Asia Pte Ltd Boosts Stake in FactSet Research Systems Inc. $FDS

Pilgrim Partners Asia Pte Ltd lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1,455.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,800 shares of the business services provider’s stock after purchasing an additional 2,620 shares during the quarter. Pilgrim Partners Asia Pte Ltd’s holdings in FactSet Research Systems were worth $813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FDS. First Horizon Corp purchased a new stake in FactSet Research Systems during the third quarter worth $25,000. Cromwell Holdings LLC purchased a new stake in FactSet Research Systems during the fourth quarter worth $26,000. WPG Advisers LLC boosted its position in FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Winnow Wealth LLC purchased a new stake in FactSet Research Systems during the third quarter worth $28,000. Finally, Field & Main Bank purchased a new stake in FactSet Research Systems during the fourth quarter worth $29,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FDS shares. Evercore boosted their target price on FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a research report on Thursday, January 8th. Bank of America started coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price on the stock. UBS Group decreased their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Finally, Royal Bank Of Canada dropped their price objective on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Trading Down 2.2%

Shares of FactSet Research Systems stock opened at $219.50 on Wednesday. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $474.79. The firm has a market cap of $8.00 billion, a PE ratio of 14.12, a P/E/G ratio of 1.95 and a beta of 0.69. The business’s fifty day moving average is $217.84 and its two-hundred day moving average is $251.29. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The business had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.28 earnings per share. Analysts anticipate that FactSet Research Systems Inc. will post 17.65 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date is Friday, May 29th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.1%. FactSet Research Systems’s payout ratio is currently 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.