Fox Run Management L.L.C. Takes Position in FactSet Research Systems Inc. $FDS

Fox Run Management L.L.C. bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,246 shares of the business services provider’s stock, valued at approximately $1,232,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cromwell Holdings LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at $26,000. WPG Advisers LLC increased its stake in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the period. Field & Main Bank purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at $29,000. BOKF NA increased its stake in shares of FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after buying an additional 102 shares during the period. Finally, Navalign LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at $32,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $247.13 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $453.41. The stock has a fifty day moving average price of $229.23 and a 200-day moving average price of $243.77. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.00 billion, a PE ratio of 15.89, a P/E/G ratio of 2.14 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last issued 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. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the prior year, the business posted $4.28 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be given a $1.16 dividend. 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. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is currently 29.84%.

Analysts Set New Price Targets

FDS has been the topic of several research reports. Royal Bank Of Canada cut their price target on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Barclays lowered their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. Bank of America began coverage on FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price for the company. Finally, The Goldman Sachs Group lowered their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems 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.