TIAA Trust National Association Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

TIAA Trust National Association grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 528 shares of the business services provider’s stock after buying an additional 71 shares during the quarter. TIAA Trust National Association’s holdings in FactSet Research Systems were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDS. Everence Capital Management Inc. bought a new position in FactSet Research Systems in the 4th quarter valued at $413,000. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in FactSet Research Systems by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after buying an additional 1,436 shares during the period. Nordea Investment Management AB lifted its holdings in FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after buying an additional 59,173 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in FactSet Research Systems in the 4th quarter valued at about $1,481,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $449.16 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $17.08 billion, a PE ratio of 32.20, a P/E/G ratio of 2.93 and a beta of 0.77. The business has a 50-day simple moving average of $454.05 and a two-hundred day simple moving average of $464.71.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same period last year, the business earned $4.22 EPS. FactSet Research Systems’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets lowered their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Stifel Nicolaus raised 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, 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 Monday, March 10th. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $436.27.

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.