Naples Global Advisors LLC Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

Naples Global Advisors LLC raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,115 shares of the business services provider’s stock after buying an additional 110 shares during the quarter. Naples Global Advisors LLC’s holdings in FactSet Research Systems were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems in the third quarter valued at approximately $34,000. Brooklyn Investment Group bought a new stake in FactSet Research Systems during the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC grew its stake in FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after buying an additional 128 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.0 %

Shares of FDS opened at $454.07 on Thursday. The stock has a market capitalization of $17.27 billion, a P/E ratio of 32.55, a PEG ratio of 2.95 and a beta of 0.77. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve 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 firm has a fifty day simple moving average of $472.56 and a two-hundred day simple moving average of $457.31.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 earnings per share. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday. Morgan Stanley upped their price objective 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 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Finally, Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $453.23.

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.