FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,567 shares of the business services provider’s stock after selling 79 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in FactSet Research Systems were worth $2,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDS. Everence Capital Management Inc. bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $413,000. Geode Capital Management LLC raised its stake in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in FactSet Research Systems by 52.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after acquiring an additional 1,436 shares during the period. Nordea Investment Management AB grew its stake in shares of FactSet Research Systems by 21.0% in 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. Finally, Avanza Fonder AB acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at $1,481,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

NYSE FDS opened at $440.10 on Wednesday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The stock’s 50-day moving average price is $454.78 and its two-hundred day moving average price is $464.84. The company has a market cap of $16.74 billion, a PE ratio of 31.55, a PEG ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS 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 during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter in the prior year, the firm earned $4.22 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets lowered their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, UBS Group cut their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $436.27.

About FactSet Research Systems

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.