Balentine LLC Acquires 66 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Balentine LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,185 shares of the business services provider’s stock after purchasing an additional 66 shares during the period. Balentine LLC’s holdings in FactSet Research Systems were worth $565,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Morgan Stanley boosted its holdings in 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 valued at $610,515,000 after acquiring an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in 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 valued at $106,617,000 after acquiring an additional 212,204 shares during the last quarter. Norges Bank bought a new position in FactSet Research Systems in the fourth quarter valued at about $47,977,000. International Assets Investment Management LLC bought a new position in FactSet Research Systems in the fourth quarter valued at about $45,288,000. Finally, PineStone Asset Management Inc. boosted its holdings in FactSet Research Systems by 117.0% in the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after acquiring an additional 88,173 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.6 %

NYSE:FDS opened at $449.93 on Wednesday. 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 Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock’s 50 day moving average price is $441.12 and its two-hundred day moving average price is $454.94. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities research analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a yield of 0.92%. FactSet Research Systems’s payout ratio is 31.04%.

Insider Activity at FactSet Research Systems

In related news, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the sale, the executive vice president now directly owns 1,485 shares in the company, valued at approximately $640,747.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the transaction, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The disclosure for this sale can be found here. Insiders sold 20,987 shares of company stock worth $9,083,347 in the last ninety days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on FDS. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research began coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 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 eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $443.56.

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.