FactSet Research Systems Inc. $FDS Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,500 shares of the business services provider’s stock after acquiring an additional 150,448 shares during the quarter. ProShare Advisors LLC’s holdings in FactSet Research Systems were worth $162,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its position in FactSet Research Systems by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after purchasing an additional 30 shares in the last quarter. Aurora Investment Managers LLC. increased its position in FactSet Research Systems by 0.9% during the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 35 shares in the last quarter. Covestor Ltd increased its position in FactSet Research Systems by 53.4% during the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock worth $33,000 after purchasing an additional 39 shares in the last quarter. WPG Advisers LLC increased its position in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in FactSet Research Systems by 3.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock worth $361,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. The Goldman Sachs Group dropped their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Barclays dropped their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Finally, Bank of America initiated coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Stock Up 5.5%

Shares of NYSE:FDS opened at $224.33 on Tuesday. 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 Inc. has a 52-week low of $185.00 and a 52-week high of $473.33. The company has a 50 day moving average of $218.02 and a two-hundred day moving average of $246.65. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter last year, the company earned $4.28 earnings per share. FactSet Research Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.65 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.1%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is 28.30%.

FactSet Research Systems Company 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.