Schwab Charles Investment Management Inc. grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 168,001 shares of the business services provider’s stock after acquiring an additional 7,670 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in FactSet Research Systems were worth $32,384,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Profit Investment Management LLC increased its stake in FactSet Research Systems by 61.9% in the 4th quarter. Profit Investment Management LLC now owns 14,853 shares of the business services provider’s stock worth $2,863,000 after acquiring an additional 5,681 shares during the last quarter. Bank of Montreal Can increased its stake in FactSet Research Systems by 78.0% in the 4th quarter. Bank of Montreal Can now owns 6,739 shares of the business services provider’s stock worth $1,299,000 after acquiring an additional 2,954 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in FactSet Research Systems by 1.0% in the 4th quarter. Tandem Investment Advisors Inc. now owns 64,557 shares of the business services provider’s stock worth $12,444,000 after acquiring an additional 620 shares during the last quarter. Institutional & Family Asset Management LLC increased its stake in FactSet Research Systems by 1.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock worth $3,246,000 after acquiring an additional 259 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in FactSet Research Systems in the 3rd quarter worth approximately $513,000. 93.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Mark J. Hale sold 48,001 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the transaction, the chief operating officer now owns 6,268 shares in the company, valued at approximately $1,243,759.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,400 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $192.70, for a total value of $269,780.00. Following the transaction, the vice president now owns 3,248 shares of the company’s stock, valued at approximately $625,889.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,406 shares of company stock valued at $10,957,561. 2.80% of the stock is owned by company insiders.

FactSet Research Systems Inc. (NYSE FDS) opened at $189.80 on Monday. The company has a market capitalization of $7,406.73, a P/E ratio of 24.97, a PEG ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. FactSet Research Systems Inc. has a 1-year low of $155.09 and a 1-year high of $209.02.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.06. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The firm had revenue of $329.10 million during the quarter, compared to analysts’ expectations of $330.49 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. research analysts forecast that FactSet Research Systems Inc. will post 8.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 27th. FactSet Research Systems’s payout ratio is currently 33.79%.

A number of analysts have issued reports on the company. Northcoast Research downgraded FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. DA Davidson assumed coverage on FactSet Research Systems in a report on Thursday, December 14th. They issued a “neutral” rating and a $174.00 target price for the company. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Morgan Stanley lifted their target price on FactSet Research Systems from $179.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $199.00 target price on shares of FactSet Research Systems in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $184.62.

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FactSet Research Systems Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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