Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Mitsubishi UFJ Trust & Banking Corp decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.8% in the 4th quarter, according to the company in its most recent 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 period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of FactSet Research Systems worth $11,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its position in FactSet Research Systems by 164.0% in the third quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock worth $2,356,000 after acquiring an additional 3,183 shares during the period. FMR LLC grew its holdings in shares of FactSet Research Systems by 14.0% during the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after purchasing an additional 9,506 shares during the period. Brooklyn Investment Group acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $35,000. BNP Paribas Financial Markets raised its holdings in FactSet Research Systems by 2.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider’s stock valued at $19,208,000 after buying an additional 1,065 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in FactSet Research Systems by 2.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,241 shares of the business services provider’s stock valued at $7,009,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.0 %

FDS opened at $449.16 on Friday. 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 stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.93 and a beta of 0.77. The business has a fifty day moving average price of $454.05 and a 200 day moving average price of $464.88. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

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

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.59%.

Insider Buying and Selling

In other FactSet Research Systems 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 completion of the sale, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley decreased their target price 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. Finally, UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $436.27.

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.