Nissay Asset Management Corp Japan ADV Buys 113 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Nissay Asset Management Corp Japan ADV boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,984 shares of the business services provider’s stock after acquiring an additional 113 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in FactSet Research Systems were worth $2,425,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems during the fourth quarter worth approximately $29,000. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $102,000. Finally, Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after buying an additional 22 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Up 1.0%

Shares of NYSE FDS opened at $474.21 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.93 and a beta of 0.88. The stock has a 50 day moving average price of $434.78 and a 200 day moving average price of $458.52. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.93%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is currently 31.29%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $436.90.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on 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 owns 44 shares in the company, valued at $19,084.12. This represents a 89.19% 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. 1.10% of the stock is owned by company insiders.

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.