Mitsubishi UFJ Trust & Banking Corp Has $11.86 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mitsubishi UFJ Trust & Banking Corp cut its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,686 shares of the business services provider's stock after selling 1,251 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of FactSet Research Systems worth $11,856,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after buying an additional 42,303 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after acquiring an additional 8,376 shares during the period. JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after acquiring an additional 52,741 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in FactSet Research Systems by 2.4% during 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 acquiring an additional 9,048 shares during the period. Finally, Nordea Investment Management AB raised its stake in FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after purchasing an additional 59,173 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, UBS Group cut their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $436.27.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares of the company's stock, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

NYSE FDS traded down $6.02 during trading on Wednesday, hitting $450.99. 235,497 shares of the company's stock were exchanged, compared to its average volume of 280,354. The stock's 50 day moving average price is $453.70 and its two-hundred day moving average price is $465.25. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. 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 company has a market cap of $17.15 billion, a PE ratio of 32.33, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same period in the prior year, the company earned $4.22 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

FactSet Research Systems 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.