Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC grew its stake in FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock valued at $69,000 after buying an additional 128 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock valued at $79,000 after buying an additional 156 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on FDS shares. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note 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 report on Friday, December 20th. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. UBS Group increased their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Finally, BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a research report on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $453.23.
Check Out Our Latest Report on FactSet Research Systems
FactSet Research Systems Price Performance
NYSE:FDS traded down $3.15 on Friday, hitting $456.24. The company had a trading volume of 190,431 shares, compared to its average volume of 308,234. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.95 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $471.71 and a two-hundred day moving average of $457.64. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.
FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.12 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems's payout ratio is currently 29.82%.
FactSet Research Systems Company Profile
(
Free Report)
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.
Further Reading
Before you consider FactSet Research Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FactSet Research Systems wasn't on the list.
While FactSet Research Systems currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
