FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 340,494 shares of the business services provider’s stock after buying an additional 59,173 shares during the quarter. Nordea Investment Management AB owned 0.90% of FactSet Research Systems worth $164,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems in the 3rd quarter valued at approximately $26,000. Quest Partners LLC increased its position 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 buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth $34,000. Brooklyn Investment Group purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth about $35,000. Finally, Federated Hermes Inc. acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $52,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.8 %

Shares of NYSE:FDS opened at $466.68 on Tuesday. The stock has a 50-day simple moving average of $481.41 and a 200-day simple moving average of $449.37. The stock has a market capitalization of $17.73 billion, a P/E ratio of 33.57, a PEG ratio of 3.15 and a beta of 0.76. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. 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 issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the firm posted $4.12 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share 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 dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems’s payout ratio is currently 29.82%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems 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 value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research reports. Stifel Nicolaus lifted their price objective 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. 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. Morgan Stanley upped their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $453.46.

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.