FactSet Research Systems Inc. $FDS Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 93.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,425 shares of the business services provider’s stock after selling 797,614 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $16,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in FactSet Research Systems during the 3rd quarter worth $25,000. Cromwell Holdings LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at $26,000. WPG Advisers LLC raised its position in 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 purchasing an additional 40 shares during the period. Winnow Wealth LLC acquired a new position in shares of FactSet Research Systems during the third quarter worth about $28,000. Finally, Field & Main Bank acquired a new position in shares of FactSet Research Systems during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. UBS Group lowered their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada dropped their price objective on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. The Goldman Sachs Group reduced their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $279.85.

FactSet Research Systems Trading Up 0.0%

Shares of FDS opened at $223.66 on Monday. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $474.79. The stock has a 50-day moving average price of $218.72 and a 200 day moving average price of $250.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $8.15 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.94 and a beta of 0.69.

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

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be issued a $1.16 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is currently 28.30%.

FactSet Research Systems Profile

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.