Cambridge Investment Research Advisors Inc. lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,265 shares of the business services provider’s stock after acquiring an additional 830 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in FactSet Research Systems were worth $1,249,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Investec Asset Management LTD lifted its stake in FactSet Research Systems by 73.2% in the fourth quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock worth $210,448,000 after purchasing an additional 461,518 shares during the last quarter. Renaissance Technologies LLC lifted its stake in FactSet Research Systems by 171.4% in the fourth quarter. Renaissance Technologies LLC now owns 154,850 shares of the business services provider’s stock worth $29,849,000 after purchasing an additional 97,800 shares during the last quarter. BlackRock Inc. lifted its stake in FactSet Research Systems by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock worth $626,790,000 after purchasing an additional 91,419 shares during the last quarter. Prana Capital Management LP bought a new stake in FactSet Research Systems in the fourth quarter worth about $10,826,000. Finally, Mawer Investment Management Ltd. bought a new stake in FactSet Research Systems in the fourth quarter worth about $7,954,000. 91.42% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on FDS. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a research note on Tuesday, March 20th. DA Davidson raised their price objective on shares of FactSet Research Systems to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, March 15th. UBS Group raised their price objective on shares of FactSet Research Systems from $179.00 to $184.00 and gave the stock a “sell” rating in a research note on Wednesday, March 28th. Cantor Fitzgerald raised their price objective on shares of FactSet Research Systems from $187.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Finally, Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $169.00 to $184.00 and gave the stock a “hold” rating in a research report on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $195.23.

Shares of FactSet Research Systems opened at $201.01 on Friday, Marketbeat.com reports. The company has a market cap of $7.82 billion, a PE ratio of 27.50, a P/E/G ratio of 2.09 and a beta of 0.96. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $217.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.53 and a current ratio of 2.53.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.06. The business had revenue of $335.20 million for the quarter, compared to analyst estimates of $333.78 million. FactSet Research Systems had a net margin of 19.07% and a return on equity of 54.00%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. sell-side analysts anticipate that FactSet Research Systems Inc. will post 8.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Thursday, May 31st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.27%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.64%.

FactSet Research Systems declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Scott A. Billeadeau sold 1,500 shares of FactSet Research Systems stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $197.55, for a total transaction of $296,325.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 5,675 shares of FactSet Research Systems stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the transaction, the chief financial officer now directly owns 9,129 shares in the company, valued at $1,807,542. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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