Daiwa Securities Group Inc. Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

Daiwa Securities Group Inc. lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,943 shares of the business services provider’s stock after buying an additional 222 shares during the quarter. Daiwa Securities Group Inc.’s holdings in FactSet Research Systems were worth $4,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FDS. B. Riley Wealth Advisors Inc. lifted its position in shares of FactSet Research Systems by 53.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock worth $325,000 after purchasing an additional 258 shares in the last quarter. Tidal Investments LLC lifted its holdings in FactSet Research Systems by 225.1% in the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after buying an additional 1,623 shares in the last quarter. Comerica Bank boosted its position in FactSet Research Systems by 4.8% in the 1st quarter. Comerica Bank now owns 15,083 shares of the business services provider’s stock valued at $6,853,000 after buying an additional 697 shares during the last quarter. LBP AM SA grew its stake in shares of FactSet Research Systems by 52.6% during the first quarter. LBP AM SA now owns 2,564 shares of the business services provider’s stock valued at $1,165,000 after acquiring an additional 884 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its position in shares of FactSet Research Systems by 28.3% during the first quarter. iA Global Asset Management Inc. now owns 2,147 shares of the business services provider’s stock worth $976,000 after acquiring an additional 473 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, November 15th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares of the company’s stock, valued at $5,910,253.83. The trade was a 18.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock valued at $12,230,877 in the last ninety days. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.0 %

NYSE:FDS opened at $490.89 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $466.79 and a 200-day moving average of $435.99. The firm has a market capitalization of $18.65 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.93 EPS. Analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

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.