Raymond James Financial Inc. Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Raymond James Financial Inc. acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 143,933 shares of the business services provider’s stock, valued at approximately $69,128,000. Raymond James Financial Inc. owned 0.38% of FactSet Research Systems at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FDS. Farther Finance Advisors LLC lifted its position in shares of FactSet Research Systems by 21.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the business services provider’s stock worth $230,000 after acquiring an additional 88 shares during the period. Van ECK Associates Corp lifted its position in shares of FactSet Research Systems by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,956 shares of the business services provider’s stock worth $3,690,000 after acquiring an additional 752 shares during the period. QRG Capital Management Inc. lifted its position in shares of FactSet Research Systems by 6.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,127 shares of the business services provider’s stock worth $518,000 after acquiring an additional 69 shares during the period. Amalgamated Bank raised its holdings in shares of FactSet Research Systems by 2.4% in the 3rd quarter. Amalgamated Bank now owns 8,116 shares of the business services provider’s stock worth $3,732,000 after buying an additional 190 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of FactSet Research Systems by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider’s stock worth $22,437,000 after buying an additional 1,443 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FDS shares. BMO Capital Markets dropped their target price 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. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report 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. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company dropped their target price on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating for the company in a report on Friday. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $449.38.

FactSet Research Systems Trading Down 0.2 %

FDS stock opened at $440.67 on Monday. The business has a fifty day moving average price of $462.37 and a 200 day moving average price of $463.44. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $4.12 EPS. Analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

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

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.