OFI Invest Asset Management Makes New $2.18 Million Investment in FactSet Research Systems Inc. (NYSE:FDS)

OFI Invest Asset Management purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,700 shares of the business services provider’s stock, valued at approximately $2,180,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems in the third quarter worth about $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems in the third quarter worth about $35,000. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares during the period. Coastline Trust Co bought a new position in shares of FactSet Research Systems in the third quarter worth about $78,000. Finally, Continuum Advisory LLC boosted its stake in shares of 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 during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.2 %

Shares of FDS stock opened at $440.67 on Monday. 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 stock’s 50 day simple moving average is $462.37 and its two-hundred day simple moving average is $463.44. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a market cap of $16.76 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the business posted $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

Analysts Set New Price Targets

FDS has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. BMO Capital Markets dropped their price target 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. Stifel Nicolaus increased 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. Finally, Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $449.38.

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.