FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,887 shares of the business services provider's stock after purchasing an additional 9,402 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of FactSet Research Systems worth $44,503,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FDS. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter valued at about $29,000. American National Bank & Trust purchased a new position in shares of FactSet Research Systems in the 1st quarter valued at approximately $44,000. Golden State Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 800.0% in the first 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 period. MassMutual Private Wealth & Trust FSB raised its stake in shares of FactSet Research Systems by 31.1% during 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 last quarter. Finally, CX Institutional acquired a new stake in shares of FactSet Research Systems during the first quarter worth $60,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on FDS. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Wells Fargo & Company lifted their target price on shares of 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 boosted their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research report on Friday, June 20th. Finally, UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $0.23 during midday trading on Thursday, hitting $447.94. The company had a trading volume of 185,676 shares, compared to its average volume of 293,028. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.84. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The business has a 50-day simple moving average of $443.00 and a two-hundred day simple moving average of $449.49. 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 posted its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.37 earnings per share. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 0.98%. FactSet Research Systems's dividend payout ratio is 31.79%.

FactSet Research Systems Company 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.