Mirae Asset Global Investments Co. Ltd. increased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,814 shares of the business services provider's stock after acquiring an additional 932 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in FactSet Research Systems were worth $9,094,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems in the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems in the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC lifted its holdings in shares of FactSet Research Systems by 581.8% during the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock worth $69,000 after buying an additional 128 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of FactSet Research Systems during the third quarter worth approximately $78,000. Institutional investors and hedge funds own 91.24% of the company's stock.
FactSet Research Systems Price Performance
Shares of NYSE FDS traded down $4.61 during midday trading on Monday, reaching $462.18. 93,721 shares of the company traded hands, compared to its average volume of 315,734. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month 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 stock's 50-day simple moving average is $474.36 and its 200-day simple moving average is $456.72. The firm has a market cap of $17.58 billion, a PE ratio of 33.13, a PEG ratio of 2.95 and a beta of 0.77.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. The firm 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $4.12 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend 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 presently 29.82%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued 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. Finally, BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $453.46.
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About FactSet Research Systems
(
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.
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