Harvest Fund Management Co. Ltd Buys New Stake in FactSet Research Systems Inc. (NYSE:FDS)

Harvest Fund Management Co. Ltd bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 363 shares of the business services provider’s stock, valued at approximately $174,000.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in FactSet Research Systems in the third quarter valued at $35,000. Allworth Financial LP grew its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after purchasing an additional 156 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after purchasing an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems during the fourth quarter worth about $102,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $433.01 on Friday. 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 market cap of $16.47 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The business’s 50-day moving average price is $455.49 and its 200 day moving average price is $464.45.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million during 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%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.22 earnings per share. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given 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 0.96%. FactSet Research Systems’s payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FDS. BMO Capital Markets dropped their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $450.00 to $402.00 in a report on Friday. Finally, UBS Group lowered 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 analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $441.00.

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.