Sei Investments Co. Has $34.34 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Sei Investments Co. increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,515 shares of the business services provider’s stock after purchasing an additional 1,752 shares during the quarter. Sei Investments Co. owned approximately 0.19% of FactSet Research Systems worth $34,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Quest Partners LLC grew its position in shares of FactSet Research Systems by 560.3% in the 3rd quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock valued at $206,000 after buying an additional 381 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after acquiring an additional 21 shares during the period. Meridian Wealth Management LLC bought a new stake in FactSet Research Systems in the third quarter valued at approximately $321,000. Great Valley Advisor Group Inc. acquired a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $224,000. Finally, Cerity Partners LLC raised its holdings in FactSet Research Systems by 164.0% during the 3rd quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock worth $2,356,000 after purchasing an additional 3,183 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of FDS opened at $432.44 on Tuesday. The business’s fifty day moving average is $455.05 and its 200 day moving average is $464.73. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.45 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.93 and a beta of 0.77.

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

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FDS shares. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a research note on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Morgan Stanley lowered their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Finally, UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $436.27.

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.