FactSet Research Systems Inc. $FDS Shares Purchased by Bamco Inc. NY

Bamco Inc. NY increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 58.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,888,845 shares of the business services provider’s stock after purchasing an additional 1,069,786 shares during the period. FactSet Research Systems accounts for approximately 2.3% of Bamco Inc. NY’s holdings, making the stock its 9th biggest position. Bamco Inc. NY owned approximately 0.08% of FactSet Research Systems worth $838,314,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in FDS. Northwestern Mutual Wealth Management Co. increased its position in FactSet Research Systems by 444,058.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after buying an additional 13,854,613 shares during the period. AQR Capital Management LLC increased its position in FactSet Research Systems by 4,547.4% in the 4th quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock worth $204,602,000 after buying an additional 689,891 shares during the period. Bank of Montreal Can increased its position in FactSet Research Systems by 1,843.9% in the 4th quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock worth $173,453,000 after buying an additional 566,975 shares during the period. Norges Bank bought a new position in FactSet Research Systems in the 4th quarter worth approximately $151,492,000. Finally, Marshall Wace LLP increased its position in FactSet Research Systems by 490.7% in the 4th quarter. Marshall Wace LLP now owns 581,409 shares of the business services provider’s stock worth $168,719,000 after buying an additional 482,980 shares during the period. 91.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FDS has been the topic of several recent analyst reports. UBS Group dropped 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. Royal Bank Of Canada lowered their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group lowered their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. One 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 issued a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and an average price target of $279.62.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $228.76 on Thursday. 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 firm has a market cap of $8.33 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.98 and a beta of 0.71. The business’s fifty day moving average is $231.15 and its two-hundred day moving average is $242.16. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $453.41.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The company had revenue of $611.02 million for the quarter, compared to analyst estimates 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 was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.28 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be issued a $1.16 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 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.