QRG Capital Management Inc. Has $614,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

QRG Capital Management Inc. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,279 shares of the business services provider’s stock after purchasing an additional 152 shares during the quarter. QRG Capital Management Inc.’s holdings in FactSet Research Systems were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FDS. Versor Investments LP bought a new stake in shares of FactSet Research Systems during the 4th quarter worth about $371,000. Proficio Capital Partners LLC acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $26,338,000. Oppenheimer & Co. Inc. bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $215,000. Mn Services Vermogensbeheer B.V. grew its position in shares of FactSet Research Systems by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 14,900 shares of the business services provider’s stock valued at $7,156,000 after purchasing an additional 300 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of FactSet Research Systems by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 5,084 shares of the business services provider’s stock worth $2,442,000 after purchasing an additional 33 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FDS. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Finally, Wells Fargo & Company decreased their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Five 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 presently has an average rating of “Hold” and a consensus target price of $453.23.

FactSet Research Systems Stock Performance

NYSE FDS opened at $443.77 on Wednesday. The firm’s 50 day simple moving average is $465.21 and its 200 day simple moving average is $462.80. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.93 and a beta of 0.77. 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 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share 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 period in the prior year, the company earned $4.12 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

FactSet Research Systems Company 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.