FactSet Research Systems Inc. $FDS Stock Holdings Increased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. has increased its holdings in FactSet Research Systems Inc. by 34.9%, acquiring an additional 4,150 shares, bringing its total to 16,041 shares valued at approximately $7.26 million.
• FactSet Research Systems' stock price fell 1.3% to $370.05, with a market capitalization of $13.99 billion and a trading volume exceeding its average.
• The company announced a quarterly dividend of $1.10 per share, which will be paid on September 18th, representing an annualized yield of 1.2%.

Resona Asset Management Co. Ltd. raised its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 34.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,041 shares of the business services provider's stock after acquiring an additional 4,150 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in FactSet Research Systems were worth $7,259,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FDS. SouthState Corp raised its holdings in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at about $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems during the 1st quarter valued at about $44,000. Bank of Jackson Hole Trust increased its stake in shares of FactSet Research Systems by 187.9% during the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS traded up $1.00 during mid-day trading on Monday, hitting $370.62. The stock had a trading volume of 293,385 shares, compared to its average volume of 329,758. FactSet Research Systems Inc. has a fifty-two week low of $365.76 and a fifty-two week high of $499.87. The company's fifty day simple moving average is $420.68 and its two-hundred day simple moving average is $436.47. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market cap of $14.01 billion, a PE ratio of 26.78, a PEG ratio of 2.41 and a beta of 0.83.

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

FactSet Research Systems Announces Dividend

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

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FDS shares. Morgan Stanley upped their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company upped their price target on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Evercore ISI dropped their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, BMO Capital Markets increased their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $444.25.

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.