Mufg Securities Americas Inc. Makes New $269,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Mufg Securities Americas Inc. purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 561 shares of the business services provider's stock, valued at approximately $269,000.

A number of other hedge funds also recently modified their holdings of FDS. Cary Street Partners Financial LLC bought a new position in FactSet Research Systems during the 4th quarter worth about $29,000. Allworth Financial LP increased its position in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after acquiring an additional 22 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $102,000. Finally, Private Trust Co. NA boosted its holdings in shares of FactSet Research Systems by 8.2% in the 4th 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 last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, BMO Capital Markets lowered 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 note on Monday, March 24th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $436.90.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Down 0.3%

FDS traded down $1.24 during trading on Thursday, reaching $463.07. 46,626 shares of the company's stock were exchanged, compared to its average volume of 303,677. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The firm has a fifty day moving average price of $437.01 and a two-hundred day moving average price of $458.75. The stock has a market capitalization of $17.57 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.22 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 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 Wednesday, June 18th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is 31.29%.

FactSet Research Systems Company 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.