Assenagon Asset Management S.A. Purchases 4,507 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Assenagon Asset Management S.A. lifted its position in FactSet Research Systems Inc. (NYSE:FDS) by 226.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,496 shares of the business services provider’s stock after acquiring an additional 4,507 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FactSet Research Systems were worth $3,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in FactSet Research Systems during the third quarter valued at approximately $35,000. Federated Hermes Inc. bought a new position in FactSet Research Systems in the second quarter worth approximately $52,000. Finally, Quarry LP purchased a new stake in FactSet Research Systems during the second quarter worth $62,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $466.07 on Wednesday. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.72 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.91 and a beta of 0.76. The business’s 50 day moving average price is $479.27 and its 200 day moving average price is $452.58.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.12 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of analyst reports. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets reduced their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.