Fisher Asset Management LLC Has $22.95 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Fisher Asset Management LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 89.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,783 shares of the business services provider’s stock after buying an additional 22,598 shares during the period. Fisher Asset Management LLC’s holdings in FactSet Research Systems were worth $22,949,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems during the third quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems during the third quarter worth $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems during the third quarter worth $35,000. Allworth Financial LP lifted its holdings in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of FactSet Research Systems during the third quarter worth $78,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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. UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Trading Down 0.8 %

FDS opened at $458.13 on Tuesday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year 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. The company has a market cap of $17.42 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a fifty day moving average price of $466.16 and a two-hundred day moving average price of $462.57.

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

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

FactSet Research Systems 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.