Mackay Shields LLC Buys Shares of 4,075 FactSet Research Systems Inc. (NYSE:FDS)

Mackay Shields LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,075 shares of the business services provider’s stock, valued at approximately $816,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FDS. Renaissance Technologies LLC grew its position in shares of FactSet Research Systems by 44.3% during the 3rd quarter. Renaissance Technologies LLC now owns 313,750 shares of the business services provider’s stock worth $70,189,000 after buying an additional 96,250 shares during the period. Loomis Sayles & Co. L P grew its position in shares of FactSet Research Systems by 1.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock worth $690,570,000 after buying an additional 51,270 shares during the period. BlackRock Inc. grew its position in shares of FactSet Research Systems by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,387,651 shares of the business services provider’s stock worth $677,971,000 after buying an additional 33,022 shares during the period. Dimensional Fund Advisors LP grew its position in shares of FactSet Research Systems by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 230,997 shares of the business services provider’s stock worth $46,230,000 after buying an additional 32,222 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $5,526,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.

FactSet Research Systems stock traded up $3.74 during midday trading on Friday, hitting $262.12. 262,116 shares of the stock were exchanged, compared to its average volume of 283,217. FactSet Research Systems Inc. has a 52 week low of $184.48 and a 52 week high of $265.77. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.08. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The business had revenue of $354.90 million for the quarter, compared to analyst estimates of $356.46 million. During the same quarter last year, the firm earned $2.12 EPS. FactSet Research Systems’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 9.59 EPS for the current fiscal year.

In other FactSet Research Systems news, EVP Robert J. Robie sold 10,459 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total value of $2,524,175.06. Following the transaction, the executive vice president now owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick Philip Snow sold 1,182 shares of FactSet Research Systems stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $218.62, for a total transaction of $258,408.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,006 shares of company stock worth $3,357,131. Insiders own 2.30% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Cantor Fitzgerald lifted their price target on shares of FactSet Research Systems from $209.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Morgan Stanley lowered their price target on shares of FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Deutsche Bank lifted their price target on shares of FactSet Research Systems from $217.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, March 27th. Finally, Piper Jaffray Companies lifted their price objective on shares of FactSet Research Systems from $211.00 to $262.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $236.18.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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