Sumitomo Mitsui DS Asset Management Company Ltd Has $1.76 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,690 shares of the business services provider’s stock after buying an additional 87 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in FactSet Research Systems were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Global Retirement Partners LLC grew its stake in shares of FactSet Research Systems by 28.8% in the third quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after acquiring an additional 23 shares during the last quarter. Signaturefd LLC lifted its position in FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after purchasing an additional 23 shares during the period. Drive Wealth Management LLC lifted its position in FactSet Research Systems by 5.2% in the fourth quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after purchasing an additional 24 shares during the period. Institutional & Family Asset Management LLC lifted its position in FactSet Research Systems by 0.3% in the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock worth $4,224,000 after purchasing an additional 29 shares during the period. Finally, CENTRAL TRUST Co lifted its position in FactSet Research Systems by 23.0% in the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FDS. Barclays reaffirmed an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research began coverage on FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. The Goldman Sachs Group raised their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets raised their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $442.70.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $422.83 on Thursday. The stock has a 50-day moving average price of $452.19 and a 200 day moving average price of $455.44. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.58 and a beta of 0.72. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Research analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s payout ratio is 31.04%.

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.