ING Groep NV Purchases 558 Shares of FactSet Research Systems Inc. (NYSE:FDS)

ING Groep NV raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 60.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,475 shares of the business services provider’s stock after acquiring an additional 558 shares during the quarter. ING Groep NV’s holdings in FactSet Research Systems were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the period. Geode Capital Management LLC lifted its holdings in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares during the period. JPMorgan Chase & Co. lifted its holdings in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after acquiring an additional 52,741 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after acquiring an additional 4,113 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after acquiring an additional 59,173 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FDS. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $453.23.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $462.01 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The stock has a 50-day moving average price of $468.82 and a 200 day moving average price of $460.62. The stock has a market capitalization of $17.57 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter last year, the business posted $4.12 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.