AdvisorShares Investments LLC Has $7.20 Million Stake in FactSet Research Systems Inc. $FDS

AdvisorShares Investments LLC increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 69.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,823 shares of the business services provider’s stock after buying an additional 10,153 shares during the period. FactSet Research Systems makes up 1.2% of AdvisorShares Investments LLC’s holdings, making the stock its 20th largest holding. AdvisorShares Investments LLC’s holdings in FactSet Research Systems were worth $7,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its position in shares of FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares in the last quarter. Aurora Investment Managers LLC. increased its stake in FactSet Research Systems by 0.9% in the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock valued at $1,140,000 after acquiring an additional 35 shares during the last quarter. WPG Advisers LLC increased its stake in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in FactSet Research Systems by 3.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 43 shares during the last quarter. Finally, Promus Capital LLC increased its stake in FactSet Research Systems by 2.4% in the third quarter. Promus Capital LLC now owns 1,947 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 45 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

NYSE FDS opened at $245.90 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $465.81. The stock has a market cap of $8.96 billion, a PE ratio of 15.81, a PEG ratio of 2.07 and a beta of 0.69. The firm’s fifty day moving average price is $221.77 and its two-hundred day moving average price is $244.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. During the same quarter in the previous year, the firm posted $4.28 earnings per share. FactSet Research Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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. This represents a $4.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is presently 28.30%.

Analyst Ratings Changes

FDS has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada decreased their price objective on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Barclays decreased their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. UBS Group decreased their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Bank of America initiated coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.