FactSet Research Systems Inc. (NYSE:FDS) Stake Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,943 shares of the business services provider’s stock after purchasing an additional 222 shares during the period. Daiwa Securities Group Inc.’s holdings in FactSet Research Systems were worth $4,113,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of FactSet Research Systems by 53.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 258 shares during the period. Tidal Investments LLC boosted its stake in FactSet Research Systems by 225.1% during the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares in the last quarter. Comerica Bank grew its holdings in FactSet Research Systems by 4.8% during the first quarter. Comerica Bank now owns 15,083 shares of the business services provider’s stock worth $6,853,000 after acquiring an additional 697 shares during the period. LBP AM SA raised its position in FactSet Research Systems by 52.6% in the first quarter. LBP AM SA now owns 2,564 shares of the business services provider’s stock worth $1,165,000 after acquiring an additional 884 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its holdings in FactSet Research Systems by 28.3% in the 1st quarter. iA Global Asset Management Inc. now owns 2,147 shares of the business services provider’s stock valued at $976,000 after acquiring an additional 473 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 0.0 %

FactSet Research Systems stock opened at $490.89 on Wednesday. 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 quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $18.65 billion, a PE ratio of 35.32, a P/E/G ratio of 3.13 and a beta of 0.75. The firm’s 50 day moving average price is $466.79 and its two-hundred day moving average price is $435.99.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. On average, research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio is 29.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDS shares. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. BMO Capital Markets increased their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their target price 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. Finally, Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $450.00.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Company 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.