776 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, Holdings Channel.com reports. The firm bought 776 shares of the business services provider’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDS. Raymond James Financial Inc. acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at $69,128,000. Geode Capital Management LLC boosted its stake in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock worth $36,712,000 after purchasing an additional 74,620 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of FactSet Research Systems by 21.0% in the fourth 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 during the period. Finally, Proficio Capital Partners LLC bought a new position in FactSet Research Systems in the 4th quarter valued at approximately $26,338,000. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FDS. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. 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 research report on Monday, March 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, UBS Group lowered their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $436.27.

FactSet Research Systems Trading Down 5.0 %

Shares of FDS stock opened at $415.36 on Monday. The company has a market cap of $15.80 billion, a P/E ratio of 29.77, a PEG ratio of 2.93 and a beta of 0.82. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a 50 day simple moving average of $451.88 and a two-hundred day simple moving average of $464.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

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

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 1.00%. FactSet Research Systems’s dividend payout ratio is presently 29.59%.

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.