Mariner LLC Acquires 333 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mariner LLC boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,549 shares of the business services provider’s stock after purchasing an additional 333 shares during the quarter. Mariner LLC’s holdings in FactSet Research Systems were worth $7,468,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after buying an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock valued at $240,184,000 after acquiring an additional 16,522 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in FactSet Research Systems by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after purchasing an additional 66,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider’s stock valued at $183,675,000 after purchasing an additional 9,048 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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 report on Friday, December 20th. Morgan Stanley cut their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. UBS Group dropped their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company cut shares of 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. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $436.90.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $426.86 on Friday. The company has a market capitalization 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. The company’s 50-day simple moving average is $440.70 and its two-hundred day simple moving average is $461.50. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the business posted $4.22 EPS. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued 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 0.97%. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.