11,891 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,891 shares of the business services provider's stock, valued at approximately $5,722,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after purchasing an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of FactSet Research Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock worth $183,675,000 after buying an additional 9,048 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after buying an additional 59,173 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

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FactSet Research Systems Stock Up 1.5 %

Shares of FDS stock traded up $6.39 during mid-day trading on Monday, hitting $431.83. The company's stock had a trading volume of 36,741 shares, compared to its average volume of 284,012. 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 business has a 50-day moving average price of $444.02 and a 200 day moving average price of $462.50. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.93 and a beta of 0.82.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The business 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%. FactSet Research Systems's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.22 earnings per share. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. UBS Group lowered their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $436.90.

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.