Catalyst Funds Management Pty Ltd Makes New Investment in FactSet Research Systems Inc. $FDS

by · The Cerbat Gem

Catalyst Funds Management Pty Ltd purchased a new position in FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,012 shares of the business services provider’s stock, valued at approximately $1,745,000.

Several other institutional investors have also added to or reduced their stakes in FDS. Northwestern Mutual Wealth Management Co. raised its position in FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after acquiring an additional 13,854,613 shares during the period. M&T Bank Corp raised its position in FactSet Research Systems by 3,285.3% in the fourth quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock worth $89,356,000 after acquiring an additional 298,827 shares during the period. Two Sigma Investments LP raised its position in FactSet Research Systems by 1,356.3% in the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock worth $80,151,000 after acquiring an additional 260,557 shares during the period. Barclays PLC raised its position in FactSet Research Systems by 159.3% in the third quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock worth $78,079,000 after acquiring an additional 167,424 shares during the period. Finally, ProShare Advisors LLC raised its position in FactSet Research Systems by 36.8% in the fourth quarter. ProShare Advisors LLC now owns 559,500 shares of the business services provider’s stock worth $162,361,000 after acquiring an additional 150,448 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FDS shares. UBS Group decreased their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Bank of America started coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price objective on the stock. Barclays decreased their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada decreased their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $279.85.

Read Our Latest Report on FDS

FactSet Research Systems Stock Up 3.1%

Shares of FDS stock opened at $232.04 on Friday. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.01 and a beta of 0.69. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $469.43. The company’s fifty day moving average price is $218.78 and its 200-day moving average price is $245.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.0%. FactSet Research Systems’s dividend payout ratio is 29.84%.

FactSet Research Systems Profile

(Free Report)

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.

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