Gamco Investors INC. ET AL Has $752,000 Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Gamco Investors INC. ET AL cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,565 shares of the business services provider’s stock after selling 90 shares during the period. Gamco Investors INC. ET AL’s holdings in FactSet Research Systems were worth $752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in FactSet Research Systems in the fourth quarter valued at about $69,128,000. Geode Capital Management LLC increased its position in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Wealthfront Advisers LLC increased its position in FactSet Research Systems by 4,104.5% during the 4th 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 in the last quarter. Invesco Ltd. boosted its position in FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after buying an additional 66,861 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $31,975,000. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Stifel Nicolaus lifted 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. 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. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, Morgan Stanley decreased their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $436.90.

FactSet Research Systems Trading Down 0.1 %

NYSE:FDS opened at $426.86 on Friday. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 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 firm’s fifty day moving average is $440.70 and its 200-day moving average is $461.50. The firm has a market cap of $16.20 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results 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 business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.22 earnings per share. Equities analysts expect 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 was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.59%.

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.