FactSet Research Systems Inc. (NYSE:FDS) is Tandem Investment Advisors Inc.’s 2nd Largest Position

Tandem Investment Advisors Inc. lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 218,152 shares of the business services provider’s stock after selling 11,536 shares during the period. FactSet Research Systems makes up about 4.2% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 2nd biggest holding. Tandem Investment Advisors Inc.’s holdings in FactSet Research Systems were worth $104,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Morgan Stanley increased its position in shares of FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of FactSet Research Systems by 671.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after acquiring an additional 212,204 shares during the period. International Assets Investment Management LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $45,288,000. Norges Bank acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $34,175,000. Finally, Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock valued at $380,034,000 after acquiring an additional 77,980 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FDS. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research started coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group upped their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $442.70.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 0.5 %

NYSE:FDS traded up $2.19 on Wednesday, reaching $429.25. The stock had a trading volume of 247,667 shares, compared to its average volume of 240,198. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The firm’s fifty day moving average is $457.24 and its two-hundred day moving average is $456.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.61 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. Equities analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

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.