FactSet Research Systems Inc. (NYSE:FDS) Position Boosted by abrdn plc

abrdn plc grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,911 shares of the business services provider’s stock after purchasing an additional 10,230 shares during the period. abrdn plc owned approximately 0.18% of FactSet Research Systems worth $32,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FDS. Morgan Stanley boosted its holdings in shares of FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of FactSet Research Systems by 671.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after buying 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 fourth quarter worth about $45,288,000. JPMorgan Chase & Co. boosted its holdings in shares of FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after buying an additional 66,986 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of FactSet Research Systems by 45.1% in the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after buying an additional 57,502 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FDS. Barclays reissued an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group increased 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 report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, BMO Capital Markets increased 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 report on Monday, March 25th. 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, the company currently has a consensus rating of “Hold” and an average target price of $442.70.

FactSet Research Systems Price Performance

Shares of FDS opened at $438.57 on Tuesday. The firm has a market cap of $16.72 billion, a PE ratio of 34.72, a PEG ratio of 2.67 and a beta of 0.72. The firm’s 50 day moving average price is $453.84 and its 200 day moving average price is $455.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $547.93 million. As a group, research analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio is 31.04%.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.