Bank of New York Mellon Corp Buys 57,905 Shares of FactSet Research Systems Inc. $FDS

Bank of New York Mellon Corp lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,219 shares of the business services provider’s stock after purchasing an additional 57,905 shares during the quarter. Bank of New York Mellon Corp’s holdings in FactSet Research Systems were worth $92,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDS. Jones Financial Companies Lllp boosted its position in shares of FactSet Research Systems by 5.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FactSet Research Systems by 27.6% during the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 58.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of FactSet Research Systems by 15.6% during the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 3.6%

NYSE:FDS opened at $246.36 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $453.41. The firm has a 50-day moving average price of $228.26 and a two-hundred day moving average price of $243.91.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $4.28 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be paid a $1.16 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 1.9%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.84%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. The Goldman Sachs Group lowered their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. UBS Group lowered their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Barclays lowered their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Finally, Bank of America began coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $279.62.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.