Impact Capital Partners LLC Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

Impact Capital Partners LLC raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,306 shares of the business services provider’s stock after acquiring an additional 91 shares during the quarter. Impact Capital Partners LLC’s holdings in FactSet Research Systems were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after acquiring an additional 52,741 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at $5,882,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FactSet Research Systems by 5.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider’s stock valued at $9,094,000 after purchasing an additional 932 shares during the period. American Century Companies Inc. raised its position in shares of FactSet Research Systems by 44.4% during the 4th quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider’s stock valued at $7,441,000 after purchasing an additional 4,763 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $432.76 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $16.42 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.93 and a beta of 0.86. The firm’s fifty day moving average is $439.46 and its two-hundred day moving average is $456.44. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period in the previous year, the firm posted $4.22 EPS. FactSet Research Systems’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.02%. FactSet Research Systems’s payout ratio is 31.29%.

Analysts Set New Price Targets

FDS has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Tuesday. Finally, UBS Group decreased their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $448.00.

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.