FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 4.4%, acquiring an additional 22,458 shares, bringing its total ownership to approximately $240 million.
• FactSet Research Systems has a current consensus rating of "Hold" from analysts, with a target price averaging around $444.25.
• Insiders have sold a total of 13,031 shares in the last quarter, including significant sales from executive officers, resulting in a decrease in their ownership stakes.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 528,045 shares of the business services provider's stock after acquiring an additional 22,458 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 1.39% of FactSet Research Systems worth $240,070,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth about $29,000. American National Bank & Trust purchased a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $44,000. Bank of Jackson Hole Trust lifted its holdings in shares of FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after purchasing an additional 62 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 over the last quarter. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FDS. Wells Fargo & Company boosted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Morgan Stanley increased their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets raised their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

NYSE FDS traded down $4.42 during mid-day trading on Friday, hitting $382.25. The stock had a trading volume of 219,024 shares, compared to its average volume of 371,832. FactSet Research Systems Inc. has a 52-week low of $381.30 and a 52-week high of $499.87. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.53 and a beta of 0.83. The company has a 50 day simple moving average of $427.12 and a 200 day simple moving average of $440.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 EPS. Equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. FactSet Research Systems's payout ratio is currently 31.79%.

About FactSet Research Systems

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.