Nomura Asset Management Co. Ltd. Has $5.52 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Nomura Asset Management Co. Ltd. boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,491 shares of the business services provider’s stock after buying an additional 25 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $5,519,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of FactSet Research Systems by 14.0% during the third quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after purchasing an additional 9,506 shares during the period. Public Sector Pension Investment Board increased its stake in FactSet Research Systems by 3.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,698 shares of the business services provider’s stock valued at $3,080,000 after purchasing an additional 200 shares in the last quarter. Verition Fund Management LLC acquired a new position in FactSet Research Systems during the third quarter worth $5,894,000. Edgestream Partners L.P. bought a new position in shares of FactSet Research Systems in the third quarter valued at $2,170,000. Finally, Erste Asset Management GmbH acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $5,731,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDS has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $436.27.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $456.45 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The firm has a market capitalization of $17.36 billion, a P/E ratio of 32.72, a PEG ratio of 2.93 and a beta of 0.77. The business has a fifty day moving average price of $453.70 and a 200-day moving average price of $465.25.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.22 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. FactSet Research Systems’s payout ratio is currently 29.59%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

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.