JPMorgan Chase & Co. Raises Holdings in FactSet Research Systems Inc. (NYSE:FDS)

JPMorgan Chase & Co. grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493,350 shares of the business services provider’s stock after buying an additional 52,741 shares during the quarter. JPMorgan Chase & Co.’s holdings in FactSet Research Systems were worth $226,867,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the third quarter valued at $26,000. Quest Partners LLC lifted its stake in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems during the third quarter worth about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the third quarter worth about $35,000. Finally, Federated Hermes Inc. purchased a new position in FactSet Research Systems in the second quarter valued at about $52,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FDS has been the topic of several research analyst reports. BMO Capital Markets decreased their price target 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. Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Finally, Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $453.46.

FactSet Research Systems Stock Down 0.8 %

FDS stock opened at $482.68 on Tuesday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The stock has a market capitalization of $18.34 billion, a P/E ratio of 34.73, a PEG ratio of 3.15 and a beta of 0.76. The company has a 50 day moving average price of $479.55 and a two-hundred day moving average price of $446.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the firm posted $4.12 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $1.04 dividend. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. FactSet Research Systems’s payout ratio is 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.