Asset Management One Co. Ltd. Lowers Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Asset Management One Co. Ltd. reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,882 shares of the business services provider’s stock after selling 212 shares during the period. Asset Management One Co. Ltd.’s holdings in FactSet Research Systems were worth $6,384,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FDS. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after acquiring an additional 11,974 shares during the last quarter. Ninety One UK Ltd lifted its stake in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after purchasing an additional 25,294 shares in the last quarter. PineStone Asset Management Inc. increased its position in shares of FactSet Research Systems by 0.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock valued at $120,178,000 after buying an additional 9,925 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group upped their target price on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Evercore ISI started coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company lifted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $443.57.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,362 shares of company stock valued at $11,450,695. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $477.67 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The stock has a market cap of $18.15 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. The firm’s fifty day simple moving average is $455.49 and its 200 day simple moving average is $431.28.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 earnings per share. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.87%. FactSet Research Systems’s payout ratio is 29.93%.

About FactSet Research Systems

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.