Resona Asset Management Co. Ltd. Has $2.08 Million Stake in FactSet Research Systems Inc. $FDS

Resona Asset Management Co. Ltd. trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 59.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,087 shares of the business services provider’s stock after selling 10,302 shares during the period. Resona Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $2,080,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its position in shares of FactSet Research Systems by 36.8% during the fourth quarter. ProShare Advisors LLC now owns 559,500 shares of the business services provider’s stock worth $162,361,000 after purchasing an additional 150,448 shares during the period. Radnor Capital Management LLC raised its position in shares of FactSet Research Systems by 8.9% during the fourth quarter. Radnor Capital Management LLC now owns 2,625 shares of the business services provider’s stock worth $762,000 after purchasing an additional 215 shares during the period. TD Private Client Wealth LLC raised its position in shares of FactSet Research Systems by 317.5% during the fourth quarter. TD Private Client Wealth LLC now owns 167 shares of the business services provider’s stock worth $48,000 after purchasing an additional 127 shares during the period. Integrated Investment Consultants LLC raised its position in shares of FactSet Research Systems by 33.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,548 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 896 shares during the period. Finally, North Dakota State Investment Board acquired a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $379,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FDS shares. The Goldman Sachs Group lowered their target price on 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. Royal Bank Of Canada lowered their target price on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Bank of America initiated coverage on FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price target for the company. Finally, UBS Group decreased their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One research 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 issued a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and an average price target of $279.85.

FactSet Research Systems Trading Up 3.1%

Shares of FactSet Research Systems stock opened at $232.04 on Friday. The stock has a fifty day simple moving average of $218.78 and a 200 day simple moving average of $245.63. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $469.43. The company has a market capitalization of $8.45 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. 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 announced its quarterly earnings results 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 business had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the prior year, the company posted $4.28 earnings per share. FactSet Research Systems’s revenue was up 7.1% compared to the same quarter last year. On average, 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 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.0%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio is currently 29.84%.

FactSet Research Systems Company 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.