FactSet Research Systems Inc. (NYSE:FDS) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,434 shares of the business services provider’s stock after buying an additional 9,048 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.01% of FactSet Research Systems worth $183,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems during the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems during the third quarter valued at about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the third quarter valued at about $35,000. Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Finally, Coastline Trust Co bought a new position in FactSet Research Systems in the 3rd quarter valued at about $78,000. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FDS. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, Wells Fargo & Company lowered their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Trading Down 0.8 %

NYSE:FDS opened at $441.90 on Friday. The stock has a fifty day simple moving average of $464.28 and a 200 day simple moving average of $462.68. 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 capitalization of $16.81 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same period last year, the company posted $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

About FactSet Research Systems

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.