IFM Investors Pty Ltd Acquires New Position in FactSet Research Systems Inc. (NYSE:FDS)

IFM Investors Pty Ltd acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,591 shares of the business services provider’s stock, valued at approximately $3,449,000.

Other large investors have also recently made changes to their positions in the company. Marshall Financial Group LLC grew its stake in FactSet Research Systems by 8.0% during the 1st quarter. Marshall Financial Group LLC now owns 2,462 shares of the business services provider’s stock valued at $1,119,000 after purchasing an additional 183 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of FactSet Research Systems by 27.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 898 shares of the business services provider’s stock valued at $408,000 after buying an additional 196 shares during the last quarter. Norden Group LLC lifted its holdings in shares of FactSet Research Systems by 1,844.5% in the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after buying an additional 43,346 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of FactSet Research Systems by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,097 shares of the business services provider’s stock valued at $953,000 after buying an additional 213 shares during the period. Finally, Congress Wealth Management LLC DE raised its position in FactSet Research Systems by 1.6% during the first quarter. Congress Wealth Management LLC DE now owns 27,608 shares of the business services provider’s stock valued at $12,545,000 after acquiring an additional 434 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded up $2.76 during midday trading on Friday, hitting $421.47. The company had a trading volume of 185,143 shares, compared to its average volume of 258,878. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.57 and a beta of 0.72. 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 business’s 50-day simple moving average is $450.55 and its 200-day simple moving average is $454.98.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. On average, research analysts predict that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders 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 yield of 0.93%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Analysts Set New Price Targets

FDS has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Barclays restated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research assumed coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $442.70.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $6,147,798.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems 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.