Crestline Management LP purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,586 shares of the business services provider’s stock, valued at approximately $4,932,000. FactSet Research Systems makes up 0.5% of Crestline Management LP’s investment portfolio, making the stock its 14th largest holding. Crestline Management LP owned approximately 0.07% of FactSet Research Systems at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Investec Asset Management LTD lifted its stake in FactSet Research Systems by 73.2% during the 4th quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock valued at $210,448,000 after acquiring an additional 461,518 shares during the period. Renaissance Technologies LLC lifted its stake in FactSet Research Systems by 171.4% during the 4th quarter. Renaissance Technologies LLC now owns 154,850 shares of the business services provider’s stock valued at $29,849,000 after acquiring an additional 97,800 shares during the period. BlackRock Inc. lifted its stake in FactSet Research Systems by 2.9% during the 4th quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock valued at $626,790,000 after acquiring an additional 91,419 shares during the period. Fiduciary Management Inc. WI lifted its stake in FactSet Research Systems by 33.3% during the 3rd quarter. Fiduciary Management Inc. WI now owns 254,972 shares of the business services provider’s stock valued at $45,923,000 after acquiring an additional 63,672 shares during the period. Finally, Bares Capital Management Inc. lifted its stake in FactSet Research Systems by 9.7% during the 3rd quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after acquiring an additional 59,249 shares during the period. Institutional investors own 95.99% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $239.00 target price on the stock in a research note on Tuesday. Northcoast Research cut shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. DA Davidson assumed coverage on shares of FactSet Research Systems in a research note on Thursday, December 14th. They set a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley upped their target price on shares of FactSet Research Systems from $179.00 to $186.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $199.00 target price on shares of FactSet Research Systems in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $186.08.
FactSet Research Systems Inc. (FDS) traded down $0.71 during midday trading on Wednesday, hitting $211.73. 2,859 shares of the stock traded hands, compared to its average volume of 284,592. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $214.88. The stock has a market cap of $8,324.57, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.93.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The firm had revenue of $329.10 million during the quarter, compared to analyst estimates of $330.49 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts forecast that FactSet Research Systems Inc. will post 8.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, February 27th. FactSet Research Systems’s payout ratio is currently 33.79%.
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FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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