Cibc World Market Inc. Acquires 6,870 Shares of FactSet Research Systems Inc. $FDS

Cibc World Market Inc. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 548.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,122 shares of the business services provider’s stock after purchasing an additional 6,870 shares during the period. Cibc World Market Inc.’s holdings in FactSet Research Systems were worth $2,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FDS. Northwestern Mutual Wealth Management Co. boosted its position in shares of FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after acquiring an additional 13,854,613 shares during the last quarter. Norges Bank bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $151,492,000. M&T Bank Corp boosted its position in shares of FactSet Research Systems by 3,285.3% during the 4th quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock valued at $89,356,000 after acquiring an additional 298,827 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of FactSet Research Systems by 1,356.3% during the 3rd quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock valued at $80,151,000 after acquiring an additional 260,557 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of FactSet Research Systems by 69.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 455,371 shares of the business services provider’s stock valued at $132,144,000 after acquiring an additional 186,665 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDS. UBS Group dropped their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Barclays dropped their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. The Goldman Sachs Group decreased their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company boosted their target price on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $247.13 on Wednesday. The business has a 50 day moving average of $229.23 and a 200 day moving average of $243.77. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.14 and a beta of 0.71. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $453.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The company 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%.FactSet Research Systems’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.28 EPS. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.66 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 Thursday, June 18th. Investors of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio is presently 29.84%.

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.