Mitsubishi UFJ Trust & Banking Corp Decreases Stock Position in FactSet Research Systems Inc. $FDS

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in FactSet by 95.4% in Q4, selling 19,937 shares and leaving 971 shares worth about $282,000.
• FactSet beat Q1 expectations with EPS of $4.46 (vs. $4.37 est.) and revenue of $611.02M (vs. $604.78M), and raised its quarterly dividend to $1.16 (annualized $4.64, 2.2% yield; ex-dividend May 29).
• Institutions own about 91.24% of the stock; analysts' consensus is a "Reduce" rating with an average price target of $279.85, while the shares trade near $211.67 with a P/E of 13.61 and a 52-week range of $185–$474.79.

Mitsubishi UFJ Trust & Banking Corp lessened its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 95.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the business services provider's stock after selling 19,937 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in FactSet Research Systems were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Running Oak Capital LLC lifted its position in shares of FactSet Research Systems by 14.0% in the third quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider's stock valued at $11,842,000 after acquiring an additional 5,072 shares in the last quarter. Mattern Capital Management LLC lifted its position in shares of FactSet Research Systems by 48.8% in the fourth quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider's stock valued at $8,819,000 after acquiring an additional 9,971 shares in the last quarter. Nuance Investments LLC purchased a new position in shares of FactSet Research Systems in the third quarter valued at approximately $2,733,000. Fiera Capital Corp lifted its position in shares of FactSet Research Systems by 5.3% in the third quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider's stock valued at $80,271,000 after acquiring an additional 14,133 shares in the last quarter. Finally, Financial Strategies Group Inc. purchased a new position in FactSet Research Systems during the third quarter worth approximately $7,920,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FDS stock opened at $211.67 on Thursday. The business has a fifty day moving average of $218.27 and a two-hundred day moving average of $250.82. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.69. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $474.79.

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

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.2%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems's payout ratio is 28.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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 price objective on the stock. The Goldman Sachs Group reduced 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. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 1st. Barclays reduced their price objective 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. Finally, UBS Group reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $279.85.

About FactSet Research Systems

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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