Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,097 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,338 shares of the business services provider’s stock after buying an additional 1,097 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FactSet Research Systems were worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $35,000. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during 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. Coastline Trust Co acquired a new stake in FactSet Research Systems during the third quarter worth about $78,000. Continuum Advisory LLC grew its stake in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $426.75 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The firm has a market capitalization of $16.23 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.93 and a beta of 0.77. The business has a fifty day simple moving average of $459.59 and a two-hundred day simple moving average of $463.60. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its 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 return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the company earned $4.12 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FDS. Morgan Stanley increased 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 report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday. Wells Fargo & Company dropped their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. BMO Capital Markets decreased their target price on 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. Finally, Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $449.38.

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.