MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 481 Shares of FactSet Research Systems Inc. (NYSE:FDS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,886 shares of the business services provider’s stock after selling 481 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in FactSet Research Systems were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after buying an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after buying an additional 16,522 shares during the last quarter. JPMorgan Chase & Co. grew its stake in FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after buying an additional 7,718 shares during the last quarter. Invesco Ltd. grew its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after buying an additional 66,861 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of FactSet Research Systems by 13.9% during the fourth quarter. Northern Trust Corp now owns 398,180 shares of the business services provider’s stock worth $191,238,000 after purchasing an additional 48,444 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Up 1.0%

Shares of NYSE FDS opened at $474.21 on Monday. The company’s 50 day simple moving average is $434.78 and its 200 day simple moving average is $458.55. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm has a market capitalization of $17.99 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.93 and a beta of 0.88. 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 (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the business posted $4.22 earnings per share. FactSet Research Systems’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a $1.10 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems’s dividend payout ratio is currently 31.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley reduced their target price on shares of 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. Finally, 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 on the stock in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $436.90.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.