Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,556 shares of the business services provider's stock after acquiring an additional 10,727 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.67% of FactSet Research Systems worth $115,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. raised its holdings in shares of FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider's stock valued at $40,000 after buying an additional 34 shares during the period. Larson Financial Group LLC raised its holdings in shares of FactSet Research Systems by 820.0% in the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider's stock valued at $40,000 after buying an additional 82 shares during the period. Smithfield Trust Co lifted its stake in FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider's stock worth $44,000 after acquiring an additional 32 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in FactSet Research Systems during the 4th quarter valued at about $49,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Oppenheimer reissued a "market perform" rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research note on Monday, March 25th. Wolfe Research initiated coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an "underperform" rating and a $430.00 price objective on the stock. Stifel Nicolaus reissued a "hold" rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Barclays reaffirmed an "equal weight" rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $443.56.

FactSet Research Systems Stock Up 0.3 %

FDS stock traded up $1.48 during trading on Tuesday, hitting $441.51. 211,317 shares of the company's stock were exchanged, compared to its average volume of 236,491. The business has a 50-day moving average price of $443.39 and a two-hundred day moving average price of $454.52. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.78 and a beta of 0.73. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 15.82 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. This is a positive change from FactSet Research Systems's previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.04%.

Insider Transactions at FactSet Research Systems

In related news, EVP Goran Skoko sold 6,215 shares of the firm's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the transaction, the executive vice president now owns 5,262 shares in the company, valued at approximately $2,296,336.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the transaction, the executive vice president now directly owns 5,262 shares of the company's stock, valued at approximately $2,296,336.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert J. Robie sold 4,336 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the sale, the executive vice president now directly owns 1,485 shares of the company's stock, valued at $640,747.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,987 shares of company stock worth $9,083,347. Corporate insiders own 1.00% of the company's stock.

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.