GAMMA Investing LLC Buys 293 Shares of FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,061 shares of the business services provider’s stock after acquiring an additional 293 shares during the period. GAMMA Investing LLC’s holdings in FactSet Research Systems were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FDS. TD Asset Management Inc raised its holdings in FactSet Research Systems by 5.5% in the second quarter. TD Asset Management Inc now owns 22,538 shares of the business services provider’s stock worth $9,202,000 after purchasing an additional 1,172 shares in the last quarter. National Bank of Canada FI lifted its position in FactSet Research Systems by 15.6% during the second quarter. National Bank of Canada FI now owns 26,414 shares of the business services provider’s stock valued at $10,846,000 after acquiring an additional 3,555 shares during the last quarter. Private Advisor Group LLC boosted its stake in FactSet Research Systems by 8.1% in the second quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 132 shares in the last quarter. Candriam S.C.A. grew its holdings in FactSet Research Systems by 17.1% in the second quarter. Candriam S.C.A. now owns 5,040 shares of the business services provider’s stock worth $2,058,000 after purchasing an additional 736 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of FactSet Research Systems by 0.8% during the second quarter. Great Lakes Advisors LLC now owns 8,548 shares of the business services provider’s stock worth $3,490,000 after purchasing an additional 67 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FDS. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Stock Performance

NYSE FDS opened at $475.06 on Monday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $18.05 billion, a P/E ratio of 34.18, a PEG ratio of 3.15 and a beta of 0.76. The stock has a 50-day simple moving average of $481.27 and a two-hundred day simple moving average of $448.96.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

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.