International Assets Investment Management LLC Buys New Holdings in FactSet Research Systems Inc. (NYSE:FDS)

International Assets Investment Management LLC purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 94,933 shares of the business services provider’s stock, valued at approximately $45,288,000. International Assets Investment Management LLC owned 0.25% of FactSet Research Systems at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FDS. BKM Wealth Management LLC bought a new position in shares of FactSet Research Systems during the fourth quarter worth $1,174,000. Stratos Wealth Partners LTD. grew its position in shares of FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after purchasing an additional 237 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter worth about $2,024,000. Nordea Investment Management AB increased 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 purchasing an additional 57,502 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of FactSet Research Systems by 1.6% in the third quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after buying an additional 6,960 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

FDS stock opened at $428.24 on Friday. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.66 and a beta of 0.73. The business’s fifty day simple moving average is $447.66 and its two-hundred day simple moving average is $454.14. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping 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 firm had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. Analysts predict that FactSet Research Systems Inc. will post 15.82 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.04%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of research reports. BMO Capital Markets lifted their price objective on 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. Royal Bank of Canada restated 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. The Goldman Sachs Group increased their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $442.70.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at approximately $30,204. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,330 shares of company stock worth $2,740,515. Company insiders own 1.00% of the company’s stock.

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.