GAMMA Investing LLC Invests $221,000 in FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 465 shares of the business services provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bamco Inc. NY grew its stake in shares of FactSet Research Systems by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after purchasing an additional 8,862 shares during the period. Morgan Stanley grew its stake in shares of FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after purchasing an additional 698,611 shares during the period. JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after buying an additional 66,986 shares in the last quarter. Fiera Capital Corp boosted its position in shares of FactSet Research Systems by 1.6% in the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after buying an additional 6,960 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of FactSet Research Systems by 4.7% in the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock worth $170,774,000 after buying an additional 17,605 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $6,147,798.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research initiated coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays restated an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Stock Down 1.0 %

FDS opened at $418.71 on Friday. The firm has a 50 day moving average price of $451.29 and a 200 day moving average price of $455.19. The company has a market cap of $15.96 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. Sell-side analysts expect that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

About FactSet Research Systems

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.