FactSet Research Systems Inc. $FDS Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 95.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 971 shares of the business services provider’s stock after selling 19,937 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in FactSet Research Systems were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in shares of FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares in the last quarter. Aurora Investment Managers LLC. grew its stake in shares of FactSet Research Systems by 0.9% in the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 35 shares in the last quarter. Covestor Ltd grew its stake in shares of FactSet Research Systems by 53.4% in the third quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock valued at $33,000 after buying an additional 39 shares in the last quarter. WPG Advisers LLC grew its stake in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in shares of FactSet Research Systems by 3.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider’s stock valued at $361,000 after buying an additional 43 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FDS. Bank of America began coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. Barclays dropped their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada decreased their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating for the company in a report on Wednesday, March 18th. Finally, The Goldman Sachs Group decreased their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Trading Down 3.5%

NYSE:FDS opened at $211.67 on Thursday. The firm has a market cap of $7.71 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.69. The stock has a fifty day moving average price of $218.27 and a 200 day moving average price of $250.82. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $474.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $4.28 earnings per share. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.65 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 2.2%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.