Somerset Trust Co Purchases 186 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Somerset Trust Co lifted its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,413 shares of the business services provider’s stock after acquiring an additional 186 shares during the quarter. FactSet Research Systems accounts for approximately 1.5% of Somerset Trust Co’s investment portfolio, making the stock its 23rd largest holding. Somerset Trust Co’s holdings in FactSet Research Systems were worth $4,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. Natixis Advisors LLC raised its stake in FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after buying an additional 1,260 shares in the last quarter. Nordea Investment Management AB lifted its holdings in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the period. Jensen Investment Management Inc. boosted its position in FactSet Research Systems by 11.6% during the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after acquiring an additional 1,250 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after acquiring an additional 52,741 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $453.46.

Insiders Place Their Bets

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $462.64 on Friday. The company has a 50 day simple moving average of $480.02 and a two-hundred day simple moving average of $451.46. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.12 earnings per share. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s payout ratio is presently 29.82%.

About FactSet Research Systems

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.