Daiwa Securities Group Inc. Acquires 185 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Daiwa Securities Group Inc. lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,128 shares of the business services provider’s stock after purchasing an additional 185 shares during the period. Daiwa Securities Group Inc.’s holdings in FactSet Research Systems were worth $4,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDS. Raymond James Financial Inc. acquired a new position in FactSet Research Systems during the 4th quarter worth about $69,128,000. Nordea Investment Management AB lifted its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after purchasing an additional 59,173 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $26,338,000. JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after purchasing an additional 52,741 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.3 %

Shares of NYSE FDS opened at $429.67 on Thursday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average is $459.59 and its 200-day moving average is $463.60.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the business posted $4.12 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FDS shares. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $449.38.

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.