Great West Life Assurance Co. Can Boosts Position in FactSet Research Systems Inc. (FDS)

Great West Life Assurance Co. Can boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,000 shares of the business services provider’s stock after purchasing an additional 3,972 shares during the period. Great West Life Assurance Co. Can owned about 0.09% of FactSet Research Systems worth $6,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. Victory Capital Management Inc. grew its holdings in shares of FactSet Research Systems by 24.4% during the 3rd quarter. Victory Capital Management Inc. now owns 20,721 shares of the business services provider’s stock worth $4,635,000 after acquiring an additional 4,064 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of FactSet Research Systems by 6.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,071 shares of the business services provider’s stock worth $1,582,000 after buying an additional 451 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of FactSet Research Systems by 22.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,264 shares of the business services provider’s stock worth $1,401,000 after buying an additional 1,168 shares during the last quarter. MML Investors Services LLC grew its stake in shares of FactSet Research Systems by 96.2% in the 3rd quarter. MML Investors Services LLC now owns 7,032 shares of the business services provider’s stock worth $1,573,000 after buying an additional 3,447 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $606,000. Institutional investors own 91.52% of the company’s stock.

Several analysts recently weighed in on the company. Barclays upgraded FactSet Research Systems from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $210.00 to $235.00 in a research note on Friday, December 7th. Cantor Fitzgerald cut their price target on FactSet Research Systems to $209.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 19th. Credit Suisse Group assumed coverage on FactSet Research Systems in a research note on Friday, December 7th. They issued a “neutral” rating and a $238.00 price target on the stock. Morgan Stanley upped their price target on FactSet Research Systems from $200.00 to $211.00 and gave the stock an “equal weight” rating in a research note on Monday, February 25th. Finally, Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $220.36.

FDS stock opened at $236.11 on Friday. The company has a market capitalization of $8.88 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. FactSet Research Systems Inc. has a 12-month low of $184.48 and a 12-month high of $238.91. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.06.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. The business had revenue of $351.60 million for the quarter, compared to analysts’ expectations of $349.92 million. FactSet Research Systems had a return on equity of 62.54% and a net margin of 20.47%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 EPS. As a group, analysts forecast that FactSet Research Systems Inc. will post 9.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Thursday, February 28th will be given a $0.64 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $2.56 annualized dividend and a yield of 1.08%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.

In other news, CEO Frederick Philip Snow sold 1,182 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $236.63, for a total transaction of $279,696.66. Following the transaction, the chief executive officer now directly owns 4,870 shares of the company’s stock, valued at approximately $1,152,388.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott A. Billeadeau sold 1,856 shares of the stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $200.89, for a total value of $372,851.84. Following the transaction, the director now directly owns 2,857 shares in the company, valued at $573,942.73. The disclosure for this sale can be found here. Insiders have sold a total of 19,932 shares of company stock worth $4,107,748 over the last three months. Insiders own 2.30% of the company’s stock.

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FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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