Naples Global Advisors LLC Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Naples Global Advisors LLC boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,115 shares of the business services provider’s stock after buying an additional 110 shares during the quarter. Naples Global Advisors LLC’s holdings in FactSet Research Systems were worth $1,976,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Geode Capital Management LLC grew its position in FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after purchasing an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after buying an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FDS. Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company decreased their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets cut their price target on shares of 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $454.07 on Thursday. The firm’s 50 day moving average is $472.56 and its 200 day moving average is $457.31. The stock has a market capitalization of $17.27 billion, a P/E ratio of 32.55, a PEG ratio of 2.95 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.12 earnings per share. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

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.