Amalgamated Bank Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

Amalgamated Bank lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 7,973 shares of the business services provider’s stock after acquiring an additional 37 shares during the period. Amalgamated Bank’s holdings in FactSet Research Systems were worth $3,625,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after purchasing an additional 429,028 shares during the period. Raymond James Financial Inc. acquired a new position in FactSet Research Systems during the 4th quarter worth approximately $69,128,000. Point72 Asset Management L.P. purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $66,368,000. Vest Financial LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at $52,445,000. Finally, Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI dropped their target price on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday, June 16th. Morgan Stanley increased their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Wells Fargo & Company boosted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an “underweight” rating in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $444.25.

FactSet Research Systems Stock Performance

Shares of FDS opened at $447.94 on Friday. The company’s 50 day simple moving average is $443.00 and its 200-day simple moving average is $449.49. The firm has a market cap of $17.00 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.84. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). The business had revenue of $585.52 million for the quarter, compared to analysts’ expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 earnings per share. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.98%. FactSet Research Systems’s dividend payout ratio is currently 31.79%.

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.