Mediolanum International Funds Ltd Purchases 6,207 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mediolanum International Funds Ltd lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,718 shares of the business services provider’s stock after purchasing an additional 6,207 shares during the period. Mediolanum International Funds Ltd owned 0.06% of FactSet Research Systems worth $11,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares during the period. Geode Capital Management LLC increased its position in FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after acquiring an additional 8,376 shares during the period. JPMorgan Chase & Co. boosted its holdings in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after purchasing an additional 52,741 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after purchasing an additional 4,113 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group upped their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $453.46.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $473.26 on Friday. The firm’s fifty day moving average price is $476.59 and its two-hundred day moving average price is $454.87. The stock has a market cap of $18.00 billion, a PE ratio of 33.93, a PEG ratio of 2.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (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 analysts’ expectations of $565.14 million. During the same quarter in the prior year, the firm earned $4.12 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is presently 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.