KLP Kapitalforvaltning AS Buys Shares of 12,600 FactSet Research Systems Inc. (NYSE:FDS)

KLP Kapitalforvaltning AS purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,600 shares of the business services provider’s stock, valued at approximately $6,052,000.

A number of other institutional investors also recently made changes to their positions in FDS. State Street Corp increased its position in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after buying an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 12.0% in the third 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 stake 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 buying an additional 9,048 shares during the period. Finally, Nordea Investment Management AB boosted its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after acquiring an additional 59,173 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $440.10 on Wednesday. The firm has a fifty day moving average of $454.78 and a 200-day moving average of $464.84. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $16.74 billion, a P/E ratio of 31.55, a PEG ratio of 2.93 and a beta of 0.77.

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, beating 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 analyst estimates of $570.65 million. During the same period last year, the company posted $4.22 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Morgan Stanley reduced their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets dropped 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 research note on Monday. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the company 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 assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $436.27.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction 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 directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

About FactSet Research Systems

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.