GAMMA Investing LLC Increases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061 shares of the business services provider’s stock after purchasing an additional 293 shares during the quarter. GAMMA Investing LLC’s holdings in FactSet Research Systems were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the last quarter. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after purchasing an additional 4,113 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Price Performance

FDS opened at $475.06 on Monday. The business has a fifty day moving average of $481.27 and a 200 day moving average of $448.96. The stock has a market cap of $18.05 billion, a P/E ratio of 34.18, a PEG ratio of 3.15 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the prior year, the business posted $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on FDS shares. Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $453.46.

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.