FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,776 shares of the business services provider’s stock after purchasing an additional 956 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in FactSet Research Systems were worth $2,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in shares of FactSet Research Systems by 17.8% during the third quarter. CWM LLC now owns 2,075 shares of the business services provider’s stock worth $954,000 after buying an additional 313 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in FactSet Research Systems by 810.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 337 shares of the business services provider’s stock worth $155,000 after acquiring an additional 300 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after acquiring an additional 128 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in FactSet Research Systems by 26.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 776 shares of the business services provider’s stock worth $357,000 after acquiring an additional 163 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $120,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley increased their price objective on 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 restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Trading Down 1.4 %

Shares of FactSet Research Systems stock opened at $460.07 on Tuesday. The company’s fifty day moving average is $473.77 and its two-hundred day moving average is $457.06. 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 1.39 and a current ratio of 1.39. The company has a market capitalization of $17.50 billion, a P/E ratio of 32.98, a PEG ratio of 2.95 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data 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 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the business earned $4.12 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) 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.