Sumitomo Mitsui DS Asset Management Company Ltd Reduces Stock Holdings in FactSet Research Systems Inc. $FDS

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 78.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,069 shares of the business services provider’s stock after selling 3,854 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in FactSet Research Systems were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of FDS. Jones Financial Companies Lllp lifted its stake in FactSet Research Systems by 5.6% in the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 91 shares during the last quarter. Empowered Funds LLC lifted its position in shares of FactSet Research Systems by 27.6% during the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after acquiring an additional 210 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after acquiring an additional 51 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of FactSet Research Systems by 15.6% during the second quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after acquiring an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays dropped their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada dropped 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. UBS Group dropped their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. The Goldman Sachs Group dropped 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. Finally, Bank of America assumed coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Trading Up 0.0%

Shares of FDS stock opened at $223.66 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $474.79. The company has a market capitalization of $8.15 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.69. The business’s fifty day moving average is $218.72 and its 200 day moving average is $250.38.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $4.28 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

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

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.