FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,925 shares of the business services provider’s stock after selling 921 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in FactSet Research Systems were worth $44,330,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $1,174,000. Stratos Wealth Partners LTD. boosted its position in shares of FactSet Research Systems by 12.6% in the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after acquiring an additional 237 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $2,024,000. Nordea Investment Management AB boosted its position in shares of FactSet Research Systems by 45.1% in the third quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after acquiring an additional 57,502 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of FactSet Research Systems by 1.6% in the third quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after acquiring an additional 6,960 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Trading Up 1.1 %

FDS opened at $434.21 on Friday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.64 and a beta of 0.72. The firm’s 50 day moving average is $454.49 and its 200-day moving average is $455.78. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Analysts expect that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Wall Street Analyst Weigh In

Several research firms recently commented on FDS. Stifel Nicolaus restated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group raised their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $442.70.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.