Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,854 Shares of FactSet Research Systems Inc. $FDS

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 78.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,069 shares of the business services provider’s stock after selling 3,854 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in FactSet Research Systems were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. First Horizon Corp bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $25,000. Cromwell Holdings LLC bought a new stake in FactSet Research Systems during the 4th quarter worth approximately $26,000. WPG Advisers LLC increased its holdings in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Winnow Wealth LLC bought a new stake in FactSet Research Systems during the 3rd quarter worth approximately $28,000. Finally, Field & Main Bank bought a new stake in FactSet Research Systems during the 4th quarter worth approximately $29,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $223.66 on Monday. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $474.79. The stock’s 50 day moving average price is $218.72 and its 200-day moving average price is $250.38. The company has a market capitalization of $8.15 billion, a PE ratio of 14.38, a PEG ratio of 1.94 and a beta of 0.69. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the previous year, the business earned $4.28 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.65 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 18th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date is Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Analysts Set New Price Targets

A number of brokerages have commented on FDS. UBS Group decreased their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company boosted their target price on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. Barclays cut their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Bank of America started coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price on the stock. Finally, The Goldman Sachs Group cut their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $279.85.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.