QRG Capital Management Inc. Buys 152 Shares of FactSet Research Systems Inc. (NYSE:FDS)

QRG Capital Management Inc. lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,279 shares of the business services provider’s stock after purchasing an additional 152 shares during the quarter. QRG Capital Management Inc.’s holdings in FactSet Research Systems were worth $614,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new position in FactSet Research Systems in the 4th quarter worth about $413,000. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,436 shares during the period. Natixis Advisors LLC raised its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after buying an additional 1,260 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in FactSet Research Systems by 21.0% during the 4th 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. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FDS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company lowered their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets reduced their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Finally, UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Stock Down 3.1 %

Shares of FactSet Research Systems stock opened at $443.77 on Wednesday. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.93 and a beta of 0.77. The stock’s 50-day moving average is $465.21 and its 200 day moving average is $462.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a one year low of $391.84 and a one year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.12 EPS. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

FactSet Research Systems Company Profile

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.