Sumitomo Mitsui Trust Group Inc. Has $42.50 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

Sumitomo Mitsui Trust Group Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,485 shares of the business services provider's stock after purchasing an additional 4,403 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of FactSet Research Systems worth $42,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $35,000. Exchange Traded Concepts LLC boosted its stake in shares of FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock worth $69,000 after acquiring an additional 128 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake 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 acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. BMO Capital Markets decreased their price target on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research note on Monday, December 23rd. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. 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 note on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $453.23.

FactSet Research Systems Price Performance

Shares of FDS traded down $3.15 during mid-day trading on Friday, reaching $456.24. The company had a trading volume of 190,431 shares, compared to its average volume of 308,234. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month 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 company's 50-day moving average is $471.71 and its 200-day moving average is $457.64. The company has a market capitalization of $17.35 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.95 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. During the same period in the prior year, the firm posted $4.12 EPS. FactSet Research Systems's quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems's payout ratio is presently 29.82%.

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.