FactSet Research Systems Inc. (NYSE:FDS) Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,587 shares of the business services provider’s stock after acquiring an additional 16,522 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 1.33% of FactSet Research Systems worth $240,184,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the third quarter valued at about $35,000. Allworth Financial LP raised its position in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares in the last quarter. Continuum Advisory LLC raised its position in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after acquiring an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.3 %

FDS stock opened at $440.90 on Thursday. The company’s 50 day simple moving average is $454.52 and its 200-day simple moving average is $464.67. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $16.77 billion, a P/E ratio of 31.61, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.22 earnings per share. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday. UBS Group cut their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley cut their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $436.27.

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.