FactSet Research Systems Inc. (NYSE:FDS) Position Increased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,493 shares of the business services provider’s stock after purchasing an additional 230 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in FactSet Research Systems were worth $1,677,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $35,000. Allworth Financial LP lifted its stake 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 valued at $64,000 after acquiring an additional 22 shares during the last quarter. Continuum Advisory LLC grew its position in FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after purchasing an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of FactSet Research Systems during the 4th quarter valued at $102,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Stifel Nicolaus raised their price objective 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. UBS Group decreased their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday. Finally, BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Six analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $440.77.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $433.01 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The firm has a fifty day moving average price of $455.49 and a two-hundred day moving average price of $464.19. 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 released its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter last year, the company earned $4.22 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

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.