Sei Investments Co. Purchases 1,752 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sei Investments Co. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 71,515 shares of the business services provider’s stock after acquiring an additional 1,752 shares during the period. Sei Investments Co.’s holdings in FactSet Research Systems were worth $34,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after acquiring an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in FactSet Research Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider’s stock worth $183,675,000 after purchasing an additional 9,048 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.1 %

Shares of FDS stock opened at $432.44 on Tuesday. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.93 and a beta of 0.77. The company’s fifty day simple moving average is $455.05 and its two-hundred day simple moving average is $464.73. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.22 EPS. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley dropped their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $402.00 in a report on Friday. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $436.27.

About FactSet Research Systems

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.