Asset Management One Co. Ltd. Sells 14,031 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Asset Management One cut its stake in FactSet by 88.4% in Q4, selling 14,031 shares and leaving it with 1,843 shares valued at about $541,000.
• FactSet beat quarterly estimates with $4.46 EPS vs. $4.37 and revenue of $611.0M (up 7.1% year-over-year), showing strong profitability (ROE 30.25%, net margin 24.48%).
• The stock trades around $224 with a 2.0% dividend yield ($4.40 annual), while analysts' consensus is "Reduce" with an average price target of $279.85.

Asset Management One Co. Ltd. decreased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,843 shares of the business services provider's stock after selling 14,031 shares during the period. Asset Management One Co. Ltd.'s holdings in FactSet Research Systems were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider's stock worth $3,071,000 after purchasing an additional 30 shares during the period. Aurora Investment Managers LLC. lifted its position in shares of FactSet Research Systems by 0.9% during the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider's stock worth $1,140,000 after buying an additional 35 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of FactSet Research Systems by 3.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider's stock valued at $328,000 after acquiring an additional 37 shares during the period. Covestor Ltd lifted its position in shares of FactSet Research Systems by 53.4% during the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider's stock valued at $33,000 after buying an additional 39 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its position in shares of FactSet Research Systems by 3.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,245 shares of the business services provider's stock valued at $361,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FDS opened at $224.03 on Friday. The stock's 50 day simple moving average is $214.91 and its 200 day simple moving average is $253.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $474.79. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.98 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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. The business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.FactSet Research Systems's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $4.28 EPS. As a group, analysts predict that FactSet Research Systems Inc. will post 17.65 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 27th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. FactSet Research Systems's payout ratio is presently 28.30%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FDS shares. Evercore raised their price objective on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an "in-line" rating in a research report on Thursday, January 8th. The Goldman Sachs Group lowered their price objective 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 decreased 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 report on Wednesday, March 18th. Bank of America initiated coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an "underperform" rating and a $195.00 price objective on the stock. Finally, UBS Group decreased their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $279.85.

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.

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