Tobam Purchases Shares of 2,823 FactSet Research Systems Inc. $FDS

Tobam purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,823 shares of the business services provider’s stock, valued at approximately $819,000.

A number of other hedge funds have also recently made changes to their positions in FDS. Jones Financial Companies Lllp raised its position in FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC lifted its stake in FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after buying an additional 51 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of FactSet Research Systems by 15.6% during the second quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock valued at $2,347,000 after buying an additional 707 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.5%

FDS stock opened at $222.34 on Friday. The business has a 50 day moving average of $231.04 and a 200 day moving average of $241.64. The firm has a market cap of $8.10 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping 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 business had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period in the previous year, the company posted $4.28 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.

Wall Street Analyst Weigh In

FDS has been the topic of several recent analyst reports. Rothschild & Co Redburn cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a report on Thursday. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. Royal Bank Of Canada cut their target price 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, May 27th. UBS Group reduced their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $267.69.

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.