New York Life Investment Management LLC Has $2.46 Million Stock Position in FactSet Research Systems Inc. $FDS

New York Life Investment Management LLC boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 65.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,468 shares of the business services provider’s stock after buying an additional 3,343 shares during the quarter. New York Life Investment Management LLC’s holdings in FactSet Research Systems were worth $2,457,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider’s stock valued at $1,413,078,000 after purchasing an additional 107,184 shares during the last quarter. State Street Corp raised its stake in shares of FactSet Research Systems by 1.2% during the third quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after buying an additional 23,660 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in FactSet Research Systems by 3.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock valued at $245,247,000 after buying an additional 26,865 shares during the period. Invesco Ltd. lifted its holdings in FactSet Research Systems by 16.2% in the third quarter. Invesco Ltd. now owns 793,832 shares of the business services provider’s stock valued at $227,425,000 after buying an additional 110,686 shares during the period. Finally, Bank of America Corp DE boosted its stake in FactSet Research Systems by 8.3% in the third quarter. Bank of America Corp DE now owns 572,756 shares of the business services provider’s stock valued at $164,089,000 after acquiring an additional 43,748 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. UBS Group reduced their price target 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. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group dropped their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a report on Wednesday, April 1st. Finally, Royal Bank Of Canada cut their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Stock Up 5.5%

Shares of NYSE:FDS opened at $224.33 on Tuesday. The company has a 50 day moving average price of $218.02 and a two-hundred day moving average price of $246.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $8.17 billion, a PE ratio of 14.43, a PEG ratio of 1.85 and a beta of 0.69. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $473.33.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. During the same period last year, the firm posted $4.28 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is presently 28.30%.

FactSet Research Systems Profile

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.