Moment Partners LLC Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Moment Partners LLC acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 616 shares of the business services provider’s stock, valued at approximately $296,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $35,000. Allworth Financial LP grew its holdings in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares in the last quarter. Continuum Advisory LLC increased its position in FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 156 shares during the period. Smartleaf Asset Management LLC raised its stake in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in FactSet Research Systems during the 4th quarter worth $102,000. 91.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $157,443.99. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 0.3 %

Shares of NYSE:FDS opened at $440.90 on Thursday. 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 stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a 50 day moving average price of $454.52 and a 200 day moving average price of $464.67.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

A number of research analysts have recently commented on FDS shares. Morgan Stanley lowered their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday. Finally, Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.