1,296 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. acquired a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,296 shares of the business services provider's stock, valued at approximately $589,000.

Other institutional investors have also bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth about $29,000. American National Bank & Trust acquired a new stake in FactSet Research Systems in the first quarter worth about $44,000. MassMutual Private Wealth & Trust FSB lifted its holdings in FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after purchasing an additional 28 shares during the period. CX Institutional acquired a new stake in FactSet Research Systems in the first quarter worth about $60,000. Finally, Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $424.74 on Thursday. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.79 and a beta of 0.86. The firm has a 50-day moving average of $440.04 and a two-hundred day moving average of $452.93.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 32.91% and a net margin of 24.07%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.22 EPS. As a group, analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is presently 31.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FDS shares. Evercore ISI reduced their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. Finally, BMO Capital Markets cut their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $445.25.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.